Exhibit 99.3 Investor Presentation TM Electrify Our WorldExhibit 99.3 Investor Presentation TM Electrify Our World

Disclaimer FORWARD-LOOKING STATEMENTS This presentation (this “Presentation”) includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of management of Navitas Semiconductor Limited (“Navitas” or the “Company”) and Live Oak Acquisition Corp. II (“LOKB”) and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Navitas and LOKB. These forward-looking statements are subject to a number of risks and uncertainties, including the possibility that the expected growth of Navitas’ business will not be realized, or will not be realized within the expected time period, due to, among other things: Navitas’ goals and strategies, future business development, financial condition and results of operations; Navitas’ customer relationships and ability to retain and expand these customer relationships; Navitas’ ability to accurately predict future revenues for the purpose of appropriately budgeting and adjusting Navitas’ expenses; Navitas’ ability to diversify its customer base and develop relationships in new markets; the level of demand in Navitas’ customers’ end markets; Navitas’ ability to attract, train and retain key qualified personnel; changes in trade policies, including the imposition of tariffs; the impact of the COVID-19 pandemic on Navitas’ business, results of operations and financial condition; the impact of the COVID-19 pandemic on the global economy; the ability of Navitas to maintain compliance with certain U.S. Government contracting requirements; regulatory developments in the United States and foreign countries; and Navitas’ ability to protect its intellectual property rights. Forward-looking statements are also subject to additional risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination between Navitas and LOKB and related transactions (the “Proposed Business Combination”), including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the stockholders of LOKB is not obtained; failure to realize the anticipated benefits of the Proposed Business Combination; risks relating to the uncertainty of the projected financial information with respect to Navitas; risks related to the rollout of Navitas’ business and the timing of expected business milestones; the effects of competition on Navitas’ business; the amount of redemption requests made by LOKB’s public stockholders; the ability of LOKB or the combined company to issue equity or equity-linked securities in connection with the Proposed Business Combination or in the future; and those factors discussed in LOKB’s final prospectus filed with the Securities and Exchange Commission (the “SEC”) on December 4, 2020 under the heading “Risk Factors” and other documents of LOKB filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither LOKB nor Navitas presently know or that LOKB and Navitas currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect LOKB’s and Navitas’ expectations, plans or forecasts of future events and views as of the date of this Presentation. LOKB and Navitas anticipate that subsequent events and developments will cause LOKB’s and Navitas’ assessments to change. However, while LOKB and Navitas may elect to update these forward-looking statements at some point in the future, LOKB and Navitas specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing LOKB’s and Navitas’ assessments as of any date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither Navitas, LOKB, nor any of their respective affiliates have any obligation to update this Presentation. USE OF PROJECTIONS This Presentation contains projected financial information with respect to Navitas. Such projected financial information constitutes forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the projected financial information. See “Forward-Looking Statements” paragraph above. Actual results may differ materially from the results contemplated by the projected financial information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such information will be achieved. Neither LOKB’s nor Navitas’ independent auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. IMPORTANT INFORMATION AND WHERE TO FIND IT In connection with the Proposed Business Combination, LOKB plans to file a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which will include a proxy statement/prospectus of LOKB. LOKB also plans to file other documents and relevant materials with the SEC regarding the proposed transaction. After the Registration Statement has been cleared by the SEC, a definitive proxy statement/prospectus will be mailed to the stockholders of LOKB. SECURITYHOLDERS OF LOKB AND NAVITAS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED BUSINESS COMBINATION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION. Stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about LOKB and Navitas once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. PARTICIPANTS IN THE SOLICITATION LOKB and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of LOKB in connection with the Proposed Business Combination. Navitas and its officers and directors may also be deemed participants in such solicitation. Securityholders may obtain more detailed information regarding the names, affiliations and interests of certain of LOKB’s executive officers and directors in the solicitation by reading LOKB’s Annual Report on Form 10-K filed with the SEC on March 25, 2021 and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the proposed transaction when they become available. Information concerning the interests of LOKB’s participants in the solicitation, which may, in some cases, be different than those of LOKB’s stockholders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business Combination when it becomes available. © Navitas Semiconductor 2021 1Disclaimer FORWARD-LOOKING STATEMENTS This presentation (this “Presentation”) includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of management of Navitas Semiconductor Limited (“Navitas” or the “Company”) and Live Oak Acquisition Corp. II (“LOKB”) and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Navitas and LOKB. These forward-looking statements are subject to a number of risks and uncertainties, including the possibility that the expected growth of Navitas’ business will not be realized, or will not be realized within the expected time period, due to, among other things: Navitas’ goals and strategies, future business development, financial condition and results of operations; Navitas’ customer relationships and ability to retain and expand these customer relationships; Navitas’ ability to accurately predict future revenues for the purpose of appropriately budgeting and adjusting Navitas’ expenses; Navitas’ ability to diversify its customer base and develop relationships in new markets; the level of demand in Navitas’ customers’ end markets; Navitas’ ability to attract, train and retain key qualified personnel; changes in trade policies, including the imposition of tariffs; the impact of the COVID-19 pandemic on Navitas’ business, results of operations and financial condition; the impact of the COVID-19 pandemic on the global economy; the ability of Navitas to maintain compliance with certain U.S. Government contracting requirements; regulatory developments in the United States and foreign countries; and Navitas’ ability to protect its intellectual property rights. Forward-looking statements are also subject to additional risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination between Navitas and LOKB and related transactions (the “Proposed Business Combination”), including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the stockholders of LOKB is not obtained; failure to realize the anticipated benefits of the Proposed Business Combination; risks relating to the uncertainty of the projected financial information with respect to Navitas; risks related to the rollout of Navitas’ business and the timing of expected business milestones; the effects of competition on Navitas’ business; the amount of redemption requests made by LOKB’s public stockholders; the ability of LOKB or the combined company to issue equity or equity-linked securities in connection with the Proposed Business Combination or in the future; and those factors discussed in LOKB’s final prospectus filed with the Securities and Exchange Commission (the “SEC”) on December 4, 2020 under the heading “Risk Factors” and other documents of LOKB filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither LOKB nor Navitas presently know or that LOKB and Navitas currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect LOKB’s and Navitas’ expectations, plans or forecasts of future events and views as of the date of this Presentation. LOKB and Navitas anticipate that subsequent events and developments will cause LOKB’s and Navitas’ assessments to change. However, while LOKB and Navitas may elect to update these forward-looking statements at some point in the future, LOKB and Navitas specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing LOKB’s and Navitas’ assessments as of any date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither Navitas, LOKB, nor any of their respective affiliates have any obligation to update this Presentation. USE OF PROJECTIONS This Presentation contains projected financial information with respect to Navitas. Such projected financial information constitutes forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the projected financial information. See “Forward-Looking Statements” paragraph above. Actual results may differ materially from the results contemplated by the projected financial information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such information will be achieved. Neither LOKB’s nor Navitas’ independent auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. IMPORTANT INFORMATION AND WHERE TO FIND IT In connection with the Proposed Business Combination, LOKB plans to file a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which will include a proxy statement/prospectus of LOKB. LOKB also plans to file other documents and relevant materials with the SEC regarding the proposed transaction. After the Registration Statement has been cleared by the SEC, a definitive proxy statement/prospectus will be mailed to the stockholders of LOKB. SECURITYHOLDERS OF LOKB AND NAVITAS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED BUSINESS COMBINATION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION. Stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about LOKB and Navitas once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. PARTICIPANTS IN THE SOLICITATION LOKB and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of LOKB in connection with the Proposed Business Combination. Navitas and its officers and directors may also be deemed participants in such solicitation. Securityholders may obtain more detailed information regarding the names, affiliations and interests of certain of LOKB’s executive officers and directors in the solicitation by reading LOKB’s Annual Report on Form 10-K filed with the SEC on March 25, 2021 and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the proposed transaction when they become available. Information concerning the interests of LOKB’s participants in the solicitation, which may, in some cases, be different than those of LOKB’s stockholders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business Combination when it becomes available. © Navitas Semiconductor 2021 1

Disclaimer (Cont’d) FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated under the Securities Act of 1933, as amended. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any proxy statement/prospectus to be filed by LOKB with the SEC. Some of the financial information and data contained in this Presentation , such as EBITDA, have not been prepared in accordance with United States generally accepted accounting principles (“GAAP”). LOKB and Navitas believe that these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to Navitas’ financial condition and results of operations. LOKB and Navitas believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Navitas’ financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Navitas’ financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. INDUSTRY AND MARKET DATA This Presentation relies on and refers to information and statistics regarding the sectors in which Navitas competes and other industry data. This information and statistics were obtained from third party sources, including reports by market research firms. Although LOKB and Navitas believe these sources to be reliable, they have not independently verified the information and do not guarantee its accuracy and completeness. This information has been supplemented in certain cases with information from discussions with Navitas’ customers and internal estimates, taking into account publicly available information about other industry participants and Navitas’ management’s best view as to information that is not publicly available. This Presentation contains preliminary information only, is subject to change at any time and, is not, and should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your engagement with Navitas and LOKB. TRADEMARKS AND TRADE NAMES Navitas and LOKB own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their respective businesses. This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties’ trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with Navitas or LOKB, or an endorsement or sponsorship by or of Navitas or LOKB. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation may appear with the ®, TM or SM symbols, but such references are not intended to indicate, in any way, that Navitas or LOKB will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names. © Navitas Semiconductor 2021 2Disclaimer (Cont’d) FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated under the Securities Act of 1933, as amended. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any proxy statement/prospectus to be filed by LOKB with the SEC. Some of the financial information and data contained in this Presentation , such as EBITDA, have not been prepared in accordance with United States generally accepted accounting principles (“GAAP”). LOKB and Navitas believe that these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to Navitas’ financial condition and results of operations. LOKB and Navitas believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Navitas’ financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Navitas’ financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. INDUSTRY AND MARKET DATA This Presentation relies on and refers to information and statistics regarding the sectors in which Navitas competes and other industry data. This information and statistics were obtained from third party sources, including reports by market research firms. Although LOKB and Navitas believe these sources to be reliable, they have not independently verified the information and do not guarantee its accuracy and completeness. This information has been supplemented in certain cases with information from discussions with Navitas’ customers and internal estimates, taking into account publicly available information about other industry participants and Navitas’ management’s best view as to information that is not publicly available. This Presentation contains preliminary information only, is subject to change at any time and, is not, and should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your engagement with Navitas and LOKB. TRADEMARKS AND TRADE NAMES Navitas and LOKB own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their respective businesses. This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties’ trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with Navitas or LOKB, or an endorsement or sponsorship by or of Navitas or LOKB. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation may appear with the ®, TM or SM symbols, but such references are not intended to indicate, in any way, that Navitas or LOKB will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names. © Navitas Semiconductor 2021 2

Transaction Summary Navitas Management Transaction Highlights ▪ Live Oak Acquisition Corp. II (NYSE: LOKB.U) is a publicly-listed special purpose acquisition company with $253M cash held in trust that has entered into an agreement that contemplates a merger with Gene Sheridan Overview Navitas Semiconductor (“Navitas”), the world’s first Gallium Nitride (“GaN”) power IC platform Co-Founder & CEO ▪ $145M PIPE in connection with the merger ▪ Expected pro forma enterprise value of ~1,036M at closing Valuation ▪ Represents an attractive entry multiple relative to peer group metrics Todd Glickman Capital ▪ Pro forma for the transaction, assuming no redemptions from cash in trust and a $145M PIPE offering, Sr. Vice President, Finance Navitas will have $363M in cash on the balance sheet to accelerate and fund future growth initiatives Structure ▪ ~67.9% Navitas (100% seller rollover); 18.1% Live Oak II Shareholders; 10.4% PIPE Investors; 3.6% Live Oak II Sponsor Live Oak Acquisition Corp II▪ Navitas pre-closing shareholders and equity incentive award holders to receive 10 million earnout shares and Live Oak Sponsor Partners II, LLC (“LOKB Sponsor”) will subject 20% of its common Pro Forma shares to vesting and potential forfeiture Ownership (1) – Shares vest in equal installments at $12.50/share, $17.00/share and $20.00/share ▪ Remaining 80% of LOKB Sponsor common shares and Navitas management’s common shares are also subject to lock-up restrictions (2) – Equal amounts subject to one-, two- and three-year lock-ups, respectively Rick Hendrix John Amboian Adam Fishman Chief Executive Chairman Chief Operating Navitas and Live Oak are combining to advance and accelerate the Officer Officer commercialization of Navitas’ GaN-based power integrated circuits (1) The LOKB Sponsor Earnout Shares shall become vested in equal installments at $12.50/share, $17.00/share and $20.00/share (in each case, achieved when the combined company’s share price crosses each threshold for 20 out of 30 trading days) after the first 150 days but earlier than 60 months following the Closing and otherwise be forfeited 60 months after Closing. (2) Equal amounts of the Sponsor Non-Earnout Shares will be subject to one-, two- and three-year lock-ups, respectively, provided that if the reported closing price of the combined company’s Class A common stock equals or exceeds $12.00, $17.00 or $20.00 per share, respectively, (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after Closing, then such shares will only be subject to early release of the lock-up restrictions after six months, one or two years following Closing, respectively. © Navitas Semiconductor 2021 3Transaction Summary Navitas Management Transaction Highlights ▪ Live Oak Acquisition Corp. II (NYSE: LOKB.U) is a publicly-listed special purpose acquisition company with $253M cash held in trust that has entered into an agreement that contemplates a merger with Gene Sheridan Overview Navitas Semiconductor (“Navitas”), the world’s first Gallium Nitride (“GaN”) power IC platform Co-Founder & CEO ▪ $145M PIPE in connection with the merger ▪ Expected pro forma enterprise value of ~1,036M at closing Valuation ▪ Represents an attractive entry multiple relative to peer group metrics Todd Glickman Capital ▪ Pro forma for the transaction, assuming no redemptions from cash in trust and a $145M PIPE offering, Sr. Vice President, Finance Navitas will have $363M in cash on the balance sheet to accelerate and fund future growth initiatives Structure ▪ ~67.9% Navitas (100% seller rollover); 18.1% Live Oak II Shareholders; 10.4% PIPE Investors; 3.6% Live Oak II Sponsor Live Oak Acquisition Corp II▪ Navitas pre-closing shareholders and equity incentive award holders to receive 10 million earnout shares and Live Oak Sponsor Partners II, LLC (“LOKB Sponsor”) will subject 20% of its common Pro Forma shares to vesting and potential forfeiture Ownership (1) – Shares vest in equal installments at $12.50/share, $17.00/share and $20.00/share ▪ Remaining 80% of LOKB Sponsor common shares and Navitas management’s common shares are also subject to lock-up restrictions (2) – Equal amounts subject to one-, two- and three-year lock-ups, respectively Rick Hendrix John Amboian Adam Fishman Chief Executive Chairman Chief Operating Navitas and Live Oak are combining to advance and accelerate the Officer Officer commercialization of Navitas’ GaN-based power integrated circuits (1) The LOKB Sponsor Earnout Shares shall become vested in equal installments at $12.50/share, $17.00/share and $20.00/share (in each case, achieved when the combined company’s share price crosses each threshold for 20 out of 30 trading days) after the first 150 days but earlier than 60 months following the Closing and otherwise be forfeited 60 months after Closing. (2) Equal amounts of the Sponsor Non-Earnout Shares will be subject to one-, two- and three-year lock-ups, respectively, provided that if the reported closing price of the combined company’s Class A common stock equals or exceeds $12.00, $17.00 or $20.00 per share, respectively, (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after Closing, then such shares will only be subject to early release of the lock-up restrictions after six months, one or two years following Closing, respectively. © Navitas Semiconductor 2021 3

Live Oak Partnership Provides de-SPAC Advantages Live Oak is the Preferred Case Study: Merger Partner II Successful de-SPAC through Commitment to Partnership ✓Twelve weeks of “de-SPAC” roadshow ✓Retained ICR, a leading IR / PR firm to lead ✓Generate a stable and long-term oriented shareholder base investor meetings outreach efforts ▪ Live Oak maintains a network of direct investor relationships with ▪ Over 65 investor meetings ▪ Engaged well before the public announcement to large institutional money managers, hedge funds, private equity and ensure a cohesive plan and launch readiness family offices ▪ Live Oak CEO hosted or participated in every call ▪ Live Oak II’s IPO was specifically targeted to accounts who we believe ✓Focused on engaging with sell-side analysts have a strong interest in maintaining ownership post-business ▪ Live Oak continues to regularly engage ▪ Over 25 different firms participated in an Analyst combination with investors post-close Day ✓Live Oak’s shareholder base remained ▪ Post-close NDR hosted by Morgan Stanley ✓Strategic advice and resources to assist with a successful stable during de-SPAC period ▪ Participated in 2 sell-side conferences post-close entry into the public markets th ▪ LOAK ranked 49 in trading volume as a ▪ Live Oak management and board have held C-level and leadership percentage of float of the last 89 closed ✓Filed PIPE registration statement covering positions within public companies, successful SPACs, and investment (1) deals since 2018 resale of PIPE shares within 30 days of managers closing and registration statement was ▪ Long-only, fundamental account filed a new effective 19 days after filing ▪ Emphasis on maintaining a high level of credibility with investors as >10% position in LOAK shares pre-close the Company builds its public market profile ▪ Attract broader research coverage and maintain a high-profile presence at Wall Street and industry conferences (1) 492% One of the highest performing SPAC mergers ✓Attract capital to fund future growth needs 289% 282% 257% ▪ Deep capital markets experience, including two former CEOs of firms 220% 195% 177% 173% 164% 163% that specialized in institutional capital raises for small- and mid-cap companies Draft Kings QuantumScape Open Lending Purple MP Materials AdaptHealth Utz Brands, ChargePoint Clarivate and SB Tech Innovation Corp. Inc. Analytics © Navitas Semiconductor 2021 (1) S&P Capital IQ as of 4/26/2021. Reflects top 10 common stock returns since IPO among 89 closed SPAC business combinations since January 1, 2018 with a pro-forma market 4 value of >$500mm.Live Oak Partnership Provides de-SPAC Advantages Live Oak is the Preferred Case Study: Merger Partner II Successful de-SPAC through Commitment to Partnership ✓Twelve weeks of “de-SPAC” roadshow ✓Retained ICR, a leading IR / PR firm to lead ✓Generate a stable and long-term oriented shareholder base investor meetings outreach efforts ▪ Live Oak maintains a network of direct investor relationships with ▪ Over 65 investor meetings ▪ Engaged well before the public announcement to large institutional money managers, hedge funds, private equity and ensure a cohesive plan and launch readiness family offices ▪ Live Oak CEO hosted or participated in every call ▪ Live Oak II’s IPO was specifically targeted to accounts who we believe ✓Focused on engaging with sell-side analysts have a strong interest in maintaining ownership post-business ▪ Live Oak continues to regularly engage ▪ Over 25 different firms participated in an Analyst combination with investors post-close Day ✓Live Oak’s shareholder base remained ▪ Post-close NDR hosted by Morgan Stanley ✓Strategic advice and resources to assist with a successful stable during de-SPAC period ▪ Participated in 2 sell-side conferences post-close entry into the public markets th ▪ LOAK ranked 49 in trading volume as a ▪ Live Oak management and board have held C-level and leadership percentage of float of the last 89 closed ✓Filed PIPE registration statement covering positions within public companies, successful SPACs, and investment (1) deals since 2018 resale of PIPE shares within 30 days of managers closing and registration statement was ▪ Long-only, fundamental account filed a new effective 19 days after filing ▪ Emphasis on maintaining a high level of credibility with investors as >10% position in LOAK shares pre-close the Company builds its public market profile ▪ Attract broader research coverage and maintain a high-profile presence at Wall Street and industry conferences (1) 492% One of the highest performing SPAC mergers ✓Attract capital to fund future growth needs 289% 282% 257% ▪ Deep capital markets experience, including two former CEOs of firms 220% 195% 177% 173% 164% 163% that specialized in institutional capital raises for small- and mid-cap companies Draft Kings QuantumScape Open Lending Purple MP Materials AdaptHealth Utz Brands, ChargePoint Clarivate and SB Tech Innovation Corp. Inc. Analytics © Navitas Semiconductor 2021 (1) S&P Capital IQ as of 4/26/2021. Reflects top 10 common stock returns since IPO among 89 closed SPAC business combinations since January 1, 2018 with a pro-forma market 4 value of >$500mm.

Investment Highlights Next-generation power semiconductor platform, with up to 3x smaller, 3x lighter, 3x faster charging and 1 (1) 40% energy savings (2) Differentiated GaN power integrated circuit (IC) platform, with over 18Mu in volume , #1 market 2 (3) position, zero field failures and 120+ patents issued/pending (4) Positioned for market leadership in the $13.1B+ GaN electrification opportunity in mobile, 3 consumer, enterprise, renewables / solar and EV / eMobility (5) Opportunity to impact CO emissions by 2.6 gigatons by 2050 4 2 Proven leadership team with 300+ years of combined power semiconductor experience and track 5 (6) record of value creation Strong visibility on projected revenue over the next two years, with committed manufacturing capacity in 6 (7) excess of forecasts and $680M of identified pipeline opportunities across five diversified end markets (3) Based on no customer-reported (1) Based on Navitas measurements of GaN- (2) Based of Navitas cumulative (4) Refer to page 15 for details. (7) Based on cumulative value of awarded and © Navitas Semiconductor 2021 consumer failures for production based chargers compared to Si-based production shipments through qualified opportunities from 2021-2026. See (5) Refer to page 23 for details. 5 shipments through March 2021. chargers with the same output power. March 2021. page 31. (6) Refer to page 25 for details. Investment Highlights Next-generation power semiconductor platform, with up to 3x smaller, 3x lighter, 3x faster charging and 1 (1) 40% energy savings (2) Differentiated GaN power integrated circuit (IC) platform, with over 18Mu in volume , #1 market 2 (3) position, zero field failures and 120+ patents issued/pending (4) Positioned for market leadership in the $13.1B+ GaN electrification opportunity in mobile, 3 consumer, enterprise, renewables / solar and EV / eMobility (5) Opportunity to impact CO emissions by 2.6 gigatons by 2050 4 2 Proven leadership team with 300+ years of combined power semiconductor experience and track 5 (6) record of value creation Strong visibility on projected revenue over the next two years, with committed manufacturing capacity in 6 (7) excess of forecasts and $680M of identified pipeline opportunities across five diversified end markets (3) Based on no customer-reported (1) Based on Navitas measurements of GaN- (2) Based of Navitas cumulative (4) Refer to page 15 for details. (7) Based on cumulative value of awarded and © Navitas Semiconductor 2021 consumer failures for production based chargers compared to Si-based production shipments through qualified opportunities from 2021-2026. See (5) Refer to page 23 for details. 5 shipments through March 2021. chargers with the same output power. March 2021. page 31. (6) Refer to page 25 for details.

GaN Expected To Replace Silicon In Power Applications Up To Up To 20x 3x 3x 20% 40% 3x Faster Smaller & Energy Higher Faster Lower Switching Lighter Savings Power Density Charging System Cost (1) Navitas GaN Is Empowering Efficiency In Industries Where Power Is Key Note: Statistical data is based on Navitas estimate of GaN-based power systems compared to Si-based systems in the 2024-2025 timeframe. Based on Navitas measurements of select GaN-based mobile wall chargers compared to Si-based chargers with similar output power. © Navitas Semiconductor 2021 6 (1) Relative to silicon, GaN has 10x stronger electrical fields and 2x greater electron mobility, enabling high voltages in fast chips and fast switching with high energy savings. GaN Expected To Replace Silicon In Power Applications Up To Up To 20x 3x 3x 20% 40% 3x Faster Smaller & Energy Higher Faster Lower Switching Lighter Savings Power Density Charging System Cost (1) Navitas GaN Is Empowering Efficiency In Industries Where Power Is Key Note: Statistical data is based on Navitas estimate of GaN-based power systems compared to Si-based systems in the 2024-2025 timeframe. Based on Navitas measurements of select GaN-based mobile wall chargers compared to Si-based chargers with similar output power. © Navitas Semiconductor 2021 6 (1) Relative to silicon, GaN has 10x stronger electrical fields and 2x greater electron mobility, enabling high voltages in fast chips and fast switching with high energy savings.

Navitas GaN Applies To Diverse Industries Mobile Enterprise Consumer Renewables / Solar EV / eMobility Navitas GaN Electrifies The World Today, For A Cleaner Tomorrow © Navitas Semiconductor 2021 7Navitas GaN Applies To Diverse Industries Mobile Enterprise Consumer Renewables / Solar EV / eMobility Navitas GaN Electrifies The World Today, For A Cleaner Tomorrow © Navitas Semiconductor 2021 7

GaN ICs Deliver High Value & Reliability At Low Cost GaN Discrete (1) (2) GaN ICs Integrate Drive, Control and Protection Discrete GaN is Unprotected GaN GaN Power IC 95% Excessive voltage stress degrades 90% reliability and Up to 5x risks failure Discrete Energy Savings GaN 85% (4) Silicon Reliability Up to 100x faster (Predicted Failure Rate) Shrink size, weight & cost 126 ppm 100kHz 1MHz 10MHz (3) Speed (Frequency) >100x Improved Reliability GaN Discrete IC ◼ 3x smaller footprint ◼ 20% energy savings 0.1 ppm ◼ 3x fewer components ◼ 20% lower component costs IC GaN Discrete (2) Based on Navitas actual in-circuit measurements of Si and GaN under the (4) Vgs failure distribution based on Navitas internal characterization of same application conditions. Discrete GaN Transistors compared to GaN power ICs. © Navitas Semiconductor 2021 (1) Navitas estimate for typical 150W Power Adapter (PFC circuit). (3) Navitas estimate based on typical silicon-based 65 kHz frequency compared 8 with GaN switching frequency of 20MHz measured in Navitas labs. EfficiencyGaN ICs Deliver High Value & Reliability At Low Cost GaN Discrete (1) (2) GaN ICs Integrate Drive, Control and Protection Discrete GaN is Unprotected GaN GaN Power IC 95% Excessive voltage stress degrades 90% reliability and Up to 5x risks failure Discrete Energy Savings GaN 85% (4) Silicon Reliability Up to 100x faster (Predicted Failure Rate) Shrink size, weight & cost 126 ppm 100kHz 1MHz 10MHz (3) Speed (Frequency) >100x Improved Reliability GaN Discrete IC ◼ 3x smaller footprint ◼ 20% energy savings 0.1 ppm ◼ 3x fewer components ◼ 20% lower component costs IC GaN Discrete (2) Based on Navitas actual in-circuit measurements of Si and GaN under the (4) Vgs failure distribution based on Navitas internal characterization of same application conditions. Discrete GaN Transistors compared to GaN power ICs. © Navitas Semiconductor 2021 (1) Navitas estimate for typical 150W Power Adapter (PFC circuit). (3) Navitas estimate based on typical silicon-based 65 kHz frequency compared 8 with GaN switching frequency of 20MHz measured in Navitas labs. Efficiency

GaN Integration Is Key To Speed, Efficiency And Size Navitas’ proprietary integration unlocks GaN’s potential Drive, Control & Passive & Mechanical Size & Weight Speed Solution Power Energy Efficiency (Switching Frequency) Protection Components Density 92-95% (40% energy 3x GaN Compact, integrated solution savings) Power ICs Combines drive, control, protection and power 2MHz Small / Light 88-92% Discrete 2x (20% energy GaN savings) Medium 500kHz Size / Weight Silicon 1x 85-90% 100kHz Large / Heavy © Navitas Semiconductor 2021 9 Note: Based on Navitas estimate for typical 65W mobile wall charger. GaN Integration Is Key To Speed, Efficiency And Size Navitas’ proprietary integration unlocks GaN’s potential Drive, Control & Passive & Mechanical Size & Weight Speed Solution Power Energy Efficiency (Switching Frequency) Protection Components Density 92-95% (40% energy 3x GaN Compact, integrated solution savings) Power ICs Combines drive, control, protection and power 2MHz Small / Light 88-92% Discrete 2x (20% energy GaN savings) Medium 500kHz Size / Weight Silicon 1x 85-90% 100kHz Large / Heavy © Navitas Semiconductor 2021 9 Note: Based on Navitas estimate for typical 65W mobile wall charger.

GaN ICs Set A New Standard In Power Semiconductors Silicon Discrete GaN Discrete IC Simplicity �������� (1) Cost �������� Speed (Switching Frequency) �������� Efficiency �������� Size (Power, Weight, Density) �������� Protection �������� Reliability �������� © Navitas Semiconductor 2021 (1) Based on estimates that GaN IC will potentially be lower cost than silicon discrete by 2023. 10GaN ICs Set A New Standard In Power Semiconductors Silicon Discrete GaN Discrete IC Simplicity �������� (1) Cost �������� Speed (Switching Frequency) �������� Efficiency �������� Size (Power, Weight, Density) �������� Protection �������� Reliability �������� © Navitas Semiconductor 2021 (1) Based on estimates that GaN IC will potentially be lower cost than silicon discrete by 2023. 10

Significant Praise For Navitas GaN IC With GaN devices the most difficult part is gate driving. Navitas is uniquely positioned vs. others who struggle “ “ Navitas has solved this issue perfectly – today we with drive and control ” only use Navitas Chief Power Architect, Dell ” CTO and Co-Founder of Leading ODM Navitas GaN power IC has a benefit with its simplicity By integrating…Navitas is paving the way for MHz “ ” “ CTO, Mobile Charger Supplier high-voltage power systems ” Sr VP, Leading Power Supply Supplier With an integrated driver, it is easy to use and “ highly reliable Navitas stands out and brings key differentiation ” ” “ Chief Scientist, Top 5 Mobile Phone OEM Power Electronics Architect, Tier 1 Solar OEM Integrated drive is a key to capture the entire Winning companies will win with GaN “ “ ” GaN advantage CTO, EV Supplier ” CTO, EV Supplier The invention of GaN power ICs represents a major Integrated, high-speed drivers have tremendous potential “ industry breakthrough “ ” Professor Dave Perrault, MIT ” Professor Fred Lee, CPES/VPT © Navitas Semiconductor 2021 11Significant Praise For Navitas GaN IC With GaN devices the most difficult part is gate driving. Navitas is uniquely positioned vs. others who struggle “ “ Navitas has solved this issue perfectly – today we with drive and control ” only use Navitas Chief Power Architect, Dell ” CTO and Co-Founder of Leading ODM Navitas GaN power IC has a benefit with its simplicity By integrating…Navitas is paving the way for MHz “ ” “ CTO, Mobile Charger Supplier high-voltage power systems ” Sr VP, Leading Power Supply Supplier With an integrated driver, it is easy to use and “ highly reliable Navitas stands out and brings key differentiation ” ” “ Chief Scientist, Top 5 Mobile Phone OEM Power Electronics Architect, Tier 1 Solar OEM Integrated drive is a key to capture the entire Winning companies will win with GaN “ “ ” GaN advantage CTO, EV Supplier ” CTO, EV Supplier The invention of GaN power ICs represents a major Integrated, high-speed drivers have tremendous potential “ industry breakthrough “ ” Professor Dave Perrault, MIT ” Professor Fred Lee, CPES/VPT © Navitas Semiconductor 2021 11

Navitas Has Overcome Key Hurdles To Commercialization​ Significant Barriers to Entry Proprietary GaN IC Poor Manufacturing / Yields (1) Manufacturability Stable >90% Yields Material mismatch (GaN / Silicon) Fully-Qualified, >1B Device Hours Poor Reliability (2) Founding Reliability Tested, >18Mu Shipped , Defect densities (3) Zero Field Failures Team with 30+ Years Extra System Components of GaN Complexity Difficult to drive, control and Single Integrated IC Solution Experience protect GaN FET Low GaN Manufacturing Costs High Manufacturing Costs 2x-3x Si Cost Volume, Integration & Limited GaN production capacity Manufacturing Leadership (1) Based on Navitas production data over prior 6 months for highest volume products based on wafer-level and final test yield results. © Navitas Semiconductor 2021 (2) Based on cumulative production shipments through Q1 2021. 12 (3) Based on no customer-reported consumer failures for production shipments through March 2021.Navitas Has Overcome Key Hurdles To Commercialization​ Significant Barriers to Entry Proprietary GaN IC Poor Manufacturing / Yields (1) Manufacturability Stable >90% Yields Material mismatch (GaN / Silicon) Fully-Qualified, >1B Device Hours Poor Reliability (2) Founding Reliability Tested, >18Mu Shipped , Defect densities (3) Zero Field Failures Team with 30+ Years Extra System Components of GaN Complexity Difficult to drive, control and Single Integrated IC Solution Experience protect GaN FET Low GaN Manufacturing Costs High Manufacturing Costs 2x-3x Si Cost Volume, Integration & Limited GaN production capacity Manufacturing Leadership (1) Based on Navitas production data over prior 6 months for highest volume products based on wafer-level and final test yield results. © Navitas Semiconductor 2021 (2) Based on cumulative production shipments through Q1 2021. 12 (3) Based on no customer-reported consumer failures for production shipments through March 2021.

Navitas Has Enabled A Mass Market Inflection Point Mobile served as a pioneer and other markets are expected to reap the benefits at lower cost points (1) Navitas GaN vs Silicon – $ Dollar Per Watt How Navitas Enables Lower Cost Navitas GaN $ / W Si $ / W Early Mover Advantage $0.120 High yields and (2) low manufacturing cost New GaN Generations Every Year $0.080 Cost and performance improvements each generation Increasing Levels of GaN $0.040 Integration Every Year Lower customer implementation costs Faster GaN Performance Every Year $0.000 Smaller and lower cost external 2010 2015 2020 2025 2030 components every year Navitas Is Positioned To Drive Mainstream Adoption (1) Navitas estimate comparing cost of GaN-based vs Si-based wall charger bill-of-materials cost (high-voltage power device, driver/controller, magnetics, PCB and case) for © Navitas Semiconductor 2021 typical 65W mobile charger. 13 (2) Based on Navitas production release of 650V GaN power IC in Q3 ’18.Navitas Has Enabled A Mass Market Inflection Point Mobile served as a pioneer and other markets are expected to reap the benefits at lower cost points (1) Navitas GaN vs Silicon – $ Dollar Per Watt How Navitas Enables Lower Cost Navitas GaN $ / W Si $ / W Early Mover Advantage $0.120 High yields and (2) low manufacturing cost New GaN Generations Every Year $0.080 Cost and performance improvements each generation Increasing Levels of GaN $0.040 Integration Every Year Lower customer implementation costs Faster GaN Performance Every Year $0.000 Smaller and lower cost external 2010 2015 2020 2025 2030 components every year Navitas Is Positioned To Drive Mainstream Adoption (1) Navitas estimate comparing cost of GaN-based vs Si-based wall charger bill-of-materials cost (high-voltage power device, driver/controller, magnetics, PCB and case) for © Navitas Semiconductor 2021 typical 65W mobile charger. 13 (2) Based on Navitas production release of 650V GaN power IC in Q3 ’18.

Industry-Leading IP Position In GaN Power ICs Mature and Comprehensive GaN Integrated Circuit Process Design Kit (PDK) Device Development / Library Circuit Development / Library ◼ 650 eMode power FET◼ Logic gates and latch ◼ 12-40V eMode power FET◼ Linear regulators ◼ 650V dMode power FET◼ Comparators ◼ 12-40V dMode power FET◼ Voltage sensors ◼ 2-DEG & SiCr resistors◼ Charge pump Patents ◼ Gate capacitors◼ Bootstrap circuits ◼ MIM / hybrid capacitors◼ Level-shifters 120+ ◼ Over 20 devices developed◼ Protection circuits Issued / Pending ◼ Over 200 circuits developed Characterization and Verification Models and Simulation Applications across mobile, consumer, EV, ◼ Dedicated and automated ◼ Device and circuit characterization stations models with <5% enterprise and renewables (wafer level, package) accuracy ◼ Safe Operating Area (SOA)◼ Ultra-fast system simulations (Simplis) ◼ Layout Design Rule Checker (DRC)◼ Accurate and fast device, circuit and system ◼ Layout Versus Schematic (LVS) models cut design time from weeks to days and ◼ Layout Parasitic Extraction reduce design cycles by and simulation tool (LPE) 50-75% ◼ Over 1Mu characterized © Navitas Semiconductor 2021 14Industry-Leading IP Position In GaN Power ICs Mature and Comprehensive GaN Integrated Circuit Process Design Kit (PDK) Device Development / Library Circuit Development / Library ◼ 650 eMode power FET◼ Logic gates and latch ◼ 12-40V eMode power FET◼ Linear regulators ◼ 650V dMode power FET◼ Comparators ◼ 12-40V dMode power FET◼ Voltage sensors ◼ 2-DEG & SiCr resistors◼ Charge pump Patents ◼ Gate capacitors◼ Bootstrap circuits ◼ MIM / hybrid capacitors◼ Level-shifters 120+ ◼ Over 20 devices developed◼ Protection circuits Issued / Pending ◼ Over 200 circuits developed Characterization and Verification Models and Simulation Applications across mobile, consumer, EV, ◼ Dedicated and automated ◼ Device and circuit characterization stations models with <5% enterprise and renewables (wafer level, package) accuracy ◼ Safe Operating Area (SOA)◼ Ultra-fast system simulations (Simplis) ◼ Layout Design Rule Checker (DRC)◼ Accurate and fast device, circuit and system ◼ Layout Versus Schematic (LVS) models cut design time from weeks to days and ◼ Layout Parasitic Extraction reduce design cycles by and simulation tool (LPE) 50-75% ◼ Over 1Mu characterized © Navitas Semiconductor 2021 14

Growth In The World’s Need For Efficient Power Data growth and climate change are driving a long-term secular need for GaN Connectivity Electrification Sustainability Enterprise Mobile Consumer EV / eMobility Renewables / Solar (2) (1) (2) (3) (3) Global Datasphere (ZB) 5G Smartphone Shipments (M) Smart Home Device Shipments (M) Passenger EV Sales (M) Gross Capacity Additions (GW) 1,481 180 8 890 1,500 794 64 2 127 11 2020 2025 2020 2025 2020 2025 2020 2025 2020 2025 Tomorrow’s Power Requirements Demand Faster Delivery, Less Weight and Greater Efficiency © Navitas Semiconductor 2021 (1) Statista, March 2021. (2) IDC, 2021. (3) BloombergNEF, 2020. 15Growth In The World’s Need For Efficient Power Data growth and climate change are driving a long-term secular need for GaN Connectivity Electrification Sustainability Enterprise Mobile Consumer EV / eMobility Renewables / Solar (2) (1) (2) (3) (3) Global Datasphere (ZB) 5G Smartphone Shipments (M) Smart Home Device Shipments (M) Passenger EV Sales (M) Gross Capacity Additions (GW) 1,481 180 8 890 1,500 794 64 2 127 11 2020 2025 2020 2025 2020 2025 2020 2025 2020 2025 Tomorrow’s Power Requirements Demand Faster Delivery, Less Weight and Greater Efficiency © Navitas Semiconductor 2021 (1) Statista, March 2021. (2) IDC, 2021. (3) BloombergNEF, 2020. 15

GaN ICs Can Potentially Displace A $13B Market (1,2) (2) GaN Opportunity Within Total Power Semiconductor TAM GaN Power Semiconductor TAM GaN Other (3) $2.1B $13.1B $150M Other 6% CAGR $724M EV / eMobility $9.0B $189M Renewables / Solar Enterprise $139M Consumer $293M (3) $2.1B Mobile 117% $575M CAGR $20M 2020 2026 2026 GaN % Market 0.3% 15.9% Penetration (1) GaN IC potential market based on voltage rating of 80V – 1,000V derived from Yole Développement, Status of the Power Electronic Industry 2020. © Navitas Semiconductor 2021 (2) IHS SiC GaN Power Semiconductors Report 2020, Yole Power Devices Summary – 2019-25, expert interviews. 16 (3) Reflects midpoint of forecasted 2026 market size range of $1.6 billion to $2.6 billion.GaN ICs Can Potentially Displace A $13B Market (1,2) (2) GaN Opportunity Within Total Power Semiconductor TAM GaN Power Semiconductor TAM GaN Other (3) $2.1B $13.1B $150M Other 6% CAGR $724M EV / eMobility $9.0B $189M Renewables / Solar Enterprise $139M Consumer $293M (3) $2.1B Mobile 117% $575M CAGR $20M 2020 2026 2026 GaN % Market 0.3% 15.9% Penetration (1) GaN IC potential market based on voltage rating of 80V – 1,000V derived from Yole Développement, Status of the Power Electronic Industry 2020. © Navitas Semiconductor 2021 (2) IHS SiC GaN Power Semiconductors Report 2020, Yole Power Devices Summary – 2019-25, expert interviews. 16 (3) Reflects midpoint of forecasted 2026 market size range of $1.6 billion to $2.6 billion.

GaN: An Expansive Market Opportunity 1MW+ GaN’s wide band gap EV Inverters allows power Wind Utility 100kW Turbines applications with voltages between EV On-board Chargers 80V – 1,000V to use & DC/DC Converters smaller, more efficient Solar chips, reducing costs String Traction 10kW 5G Base and carbon emissions Inverters Station $13.1B+ GaN Market (Lateral) (1) Solar Opportunity Industrial Motors, SiC, with higher Microinverters 1kW Welders, UPS thermal conductivity, TV, Game Server is best suited for System LED Power the highest power Lighting applications that All-in-One PC 100W require large heat 5G Pico SiC Si Laptop dissipation Mobile Cell (Vertical) Adapters (Vertical) Wireless Power Smartphone, Smart Low-Voltage Tablet Chargers Home 10W DC/DC Converters >3,000V 30V 100V 300V 600V 1,200V Device Voltage (V) We Believe GaN ICs Will Displace A Significant Portion Of the Legacy Silicon-Based Power Semi Market From 80V To 1,000V And From 10W To Up To 100kW (1) GaN IC potential market based on voltage rating of 80V – 1,000V derived from Yole Développement. Status of the Power Electronic Industry 2020. Reflects estimated GaN market opportunity for power © Navitas Semiconductor 2021 17 semiconductors by 2026. Application PowerGaN: An Expansive Market Opportunity 1MW+ GaN’s wide band gap EV Inverters allows power Wind Utility 100kW Turbines applications with voltages between EV On-board Chargers 80V – 1,000V to use & DC/DC Converters smaller, more efficient Solar chips, reducing costs String Traction 10kW 5G Base and carbon emissions Inverters Station $13.1B+ GaN Market (Lateral) (1) Solar Opportunity Industrial Motors, SiC, with higher Microinverters 1kW Welders, UPS thermal conductivity, TV, Game Server is best suited for System LED Power the highest power Lighting applications that All-in-One PC 100W require large heat 5G Pico SiC Si Laptop dissipation Mobile Cell (Vertical) Adapters (Vertical) Wireless Power Smartphone, Smart Low-Voltage Tablet Chargers Home 10W DC/DC Converters >3,000V 30V 100V 300V 600V 1,200V Device Voltage (V) We Believe GaN ICs Will Displace A Significant Portion Of the Legacy Silicon-Based Power Semi Market From 80V To 1,000V And From 10W To Up To 100kW (1) GaN IC potential market based on voltage rating of 80V – 1,000V derived from Yole Développement. Status of the Power Electronic Industry 2020. Reflects estimated GaN market opportunity for power © Navitas Semiconductor 2021 17 semiconductors by 2026. Application Power

GaN is Positioned To Be The Future Of Mobile Charging Fast Mobile Universal Larger Mobile Screens And Batteries Need More Power Up to 3x more power Half the size and weight One charger for ALL your devices Up to 3x faster charging of traditional chargers One and Done!! (1) Screen Size and Battery Size Continue to Increase 250 6,000 5,000 200 4,000 150 3,000 (2) 100 65W Multi-Port GaN Charger 2,000 50 1,000 3 Silicon Chargers 1 GaN Charger 0 0 Release Year (3) Over $2.5B GaN IC opportunity • 2.5Bu per year of mobile wall chargers shipped − Phone, tablet, laptop and after-market 3x smaller, 3x lighter, • Over $1 of GaN content per charger and increasing over time and less expensive Mobile is Moving to GaN Fast Chargers, Creating a Multi-Billion Dollar GaN IC Opportunity (1) Includes Huawei, Xiaomi, OPPO, OnePlus, RealMe, Samsung, Apple and Google. © Navitas Semiconductor 2021 18 (2) Based on Navitas measurements of select GaN-based mobile wall chargers compared to Si-based chargers with similar output power. (3) Based on estimates from IDC PC Tracker, USB-C research, Yole Research and Navitas estimates. Screen Size (cm2) Battery Size (mAhr)GaN is Positioned To Be The Future Of Mobile Charging Fast Mobile Universal Larger Mobile Screens And Batteries Need More Power Up to 3x more power Half the size and weight One charger for ALL your devices Up to 3x faster charging of traditional chargers One and Done!! (1) Screen Size and Battery Size Continue to Increase 250 6,000 5,000 200 4,000 150 3,000 (2) 100 65W Multi-Port GaN Charger 2,000 50 1,000 3 Silicon Chargers 1 GaN Charger 0 0 Release Year (3) Over $2.5B GaN IC opportunity • 2.5Bu per year of mobile wall chargers shipped − Phone, tablet, laptop and after-market 3x smaller, 3x lighter, • Over $1 of GaN content per charger and increasing over time and less expensive Mobile is Moving to GaN Fast Chargers, Creating a Multi-Billion Dollar GaN IC Opportunity (1) Includes Huawei, Xiaomi, OPPO, OnePlus, RealMe, Samsung, Apple and Google. © Navitas Semiconductor 2021 18 (2) Based on Navitas measurements of select GaN-based mobile wall chargers compared to Si-based chargers with similar output power. (3) Based on estimates from IDC PC Tracker, USB-C research, Yole Research and Navitas estimates. Screen Size (cm2) Battery Size (mAhr)

Leading Customers Adopting Navitas GaN Tier 1 OEMs Aftermarket Examples 150+ 75+ 90%+ 18M+ Zero GaN Chargers GaN Chargers In Mobile OEMs Designing (1) In Development GaN ICs Shipped GaN Field Failures Mass Production With Navitas GaN ICs (MP 2021, H1’22) © Navitas Semiconductor 2021 Note: Metrics as of March 2021. 19 (1) Based on no customer-reported consumer failures for production shipments through March 2021.Leading Customers Adopting Navitas GaN Tier 1 OEMs Aftermarket Examples 150+ 75+ 90%+ 18M+ Zero GaN Chargers GaN Chargers In Mobile OEMs Designing (1) In Development GaN ICs Shipped GaN Field Failures Mass Production With Navitas GaN ICs (MP 2021, H1’22) © Navitas Semiconductor 2021 Note: Metrics as of March 2021. 19 (1) Based on no customer-reported consumer failures for production shipments through March 2021.

Broad Adoption Of GaN In Consumer Electronics Devices need higher power in smaller, slimmer sizes • Ultra-thin LED TVs • Gaming systems • All-in-one PCs • Smart home GaN ICs make it possible • Up to 3x higher power density in the same form factor • 3x smaller and lighter • Up to 40% energy savings (1) (1) (2) Silicon Adapter GaN Adapter Lead opportunities in late-stage development (2021 Launch) • Awarded Tier 1 LED TV to launch this year • Awarded in-box Tier 1 All-in-one PC to launch this year 150W (3) Four diverse applications drive $2B/year opportunity >65% Smaller, • Over 600Mu systems/yr across TV, desktop, game systems & smart home Lighter, Thinner • Over $3 of potential GaN content / system → $2B+ per year opportunity 3” x 5” x 1.5” 2.75” x 1.9” x 0.5” GaN Is The Answer As Consumers Demand More Power And Smaller Form Factors (1) Based on Navitas measurements comparing typical 150W 65 kHz Si-based AC/DC power adapter to 150W 1MHz GaN-based power adapter prototype. © Navitas Semiconductor 2021 20 (2) Based on information provided to management by potential customers. (3) Based on estimates from Gartner, Pulsenews, WitsView, Statista and Navitas estimates.Broad Adoption Of GaN In Consumer Electronics Devices need higher power in smaller, slimmer sizes • Ultra-thin LED TVs • Gaming systems • All-in-one PCs • Smart home GaN ICs make it possible • Up to 3x higher power density in the same form factor • 3x smaller and lighter • Up to 40% energy savings (1) (1) (2) Silicon Adapter GaN Adapter Lead opportunities in late-stage development (2021 Launch) • Awarded Tier 1 LED TV to launch this year • Awarded in-box Tier 1 All-in-one PC to launch this year 150W (3) Four diverse applications drive $2B/year opportunity >65% Smaller, • Over 600Mu systems/yr across TV, desktop, game systems & smart home Lighter, Thinner • Over $3 of potential GaN content / system → $2B+ per year opportunity 3” x 5” x 1.5” 2.75” x 1.9” x 0.5” GaN Is The Answer As Consumers Demand More Power And Smaller Form Factors (1) Based on Navitas measurements comparing typical 150W 65 kHz Si-based AC/DC power adapter to 150W 1MHz GaN-based power adapter prototype. © Navitas Semiconductor 2021 20 (2) Based on information provided to management by potential customers. (3) Based on estimates from Gartner, Pulsenews, WitsView, Statista and Navitas estimates.

(1) GaN ICs Could Save Data Centers $1.9B/Yr In Electricity 44% of Data Center costs related to power (electricity, power & cooling) (3) Typical TCO Structure of a Data Center (2) • We estimate GaN ICs can reduce electricity use by up to 10% • Across all data centers, we estimate this could save >15 TWh or $1.9B in annual electricity Power Engineering (1) 6% costs (1-year ROI of 6x) 18% GaN ICs deliver 2x improvement in power density Cooling Equipment 20% • Smaller footprint for power enables bigger footprint for data processing Navitas already engaged with top data center suppliers Electricity • Same power supply customers for mobile / consumer also serve data centers 56% (4) • Over 13Mu servers / year with >$75 GaN content = ~$1B+ / year GaN opportunity Other • Cryptocurrency mining can utilize similar GaN ICs to cut cost of electricity and drive additional market upside (5) (2) Silicon Power Supply GaN Power Supply Data Center Power Delivery • 2x higher power density 75% Efficiency • 38% reduction in energy loss Silicon Silicon Silicon × Data AC-48V 48V-12V 12V-1V Grid 48V-12V Existing Processing 95% 97% 88% 93% Power 96% Data Center 84% Efficiency ✓ 325 x 107 x 41 mm 210 x 81 x 43 mm 3,200W Data 2.2 W/cc 4.4 W/cc Grid AC-48V 48V-3V GaN-Based Processing 97% 96% 99% Power Data Center (1) Navitas estimate based on a) Navitas server/datacom forecast & AAAS data, b) $0.12/kWhr, c) Si vs. GaN $/W and d) data center loading profile. 3V-1V (2) Navitas estimated based on known existing Si-based solutions to deliver >500A next-generation data processors to Navitas targets for new GaN-based AC/DC and DC/DC for these same next-generation data processors. © Navitas Semiconductor 2021 (3) Schneider Electric. White Paper – Determining Total Cost of Ownership for Data Center and Network Room Infrastructure. 91% 21 (4) Based on IDC Worldwide Quarterly Server Tracker and Navitas analysis. (5) Navitas measurements based on existing Si-based 3.2kW AC/DC server power supply to a 1 MHz GaN-based 3.2kW AC/DC prototype.(1) GaN ICs Could Save Data Centers $1.9B/Yr In Electricity 44% of Data Center costs related to power (electricity, power & cooling) (3) Typical TCO Structure of a Data Center (2) • We estimate GaN ICs can reduce electricity use by up to 10% • Across all data centers, we estimate this could save >15 TWh or $1.9B in annual electricity Power Engineering (1) 6% costs (1-year ROI of 6x) 18% GaN ICs deliver 2x improvement in power density Cooling Equipment 20% • Smaller footprint for power enables bigger footprint for data processing Navitas already engaged with top data center suppliers Electricity • Same power supply customers for mobile / consumer also serve data centers 56% (4) • Over 13Mu servers / year with >$75 GaN content = ~$1B+ / year GaN opportunity Other • Cryptocurrency mining can utilize similar GaN ICs to cut cost of electricity and drive additional market upside (5) (2) Silicon Power Supply GaN Power Supply Data Center Power Delivery • 2x higher power density 75% Efficiency • 38% reduction in energy loss Silicon Silicon Silicon × Data AC-48V 48V-12V 12V-1V Grid 48V-12V Existing Processing 95% 97% 88% 93% Power 96% Data Center 84% Efficiency ✓ 325 x 107 x 41 mm 210 x 81 x 43 mm 3,200W Data 2.2 W/cc 4.4 W/cc Grid AC-48V 48V-3V GaN-Based Processing 97% 96% 99% Power Data Center (1) Navitas estimate based on a) Navitas server/datacom forecast & AAAS data, b) $0.12/kWhr, c) Si vs. GaN $/W and d) data center loading profile. 3V-1V (2) Navitas estimated based on known existing Si-based solutions to deliver >500A next-generation data processors to Navitas targets for new GaN-based AC/DC and DC/DC for these same next-generation data processors. © Navitas Semiconductor 2021 (3) Schneider Electric. White Paper – Determining Total Cost of Ownership for Data Center and Network Room Infrastructure. 91% 21 (4) Based on IDC Worldwide Quarterly Server Tracker and Navitas analysis. (5) Navitas measurements based on existing Si-based 3.2kW AC/DC server power supply to a 1 MHz GaN-based 3.2kW AC/DC prototype.

GaN Is Positioned For The Future Of Solar Solar energy adoption is driven by $ per watt Micro-inverters • Solar adoption driven by reducing hardware costs, increasing energy savings Opportunity • GaN ICs reduce solar inverter costs while increasing energy savings (1) • Typical solar payback is in range of 8 years Energy Storage GaN ICs can improve solar payback by 10% or more Opportunity • GaN ICs shrink passive & mechanical size, weight & cost by 50% (2) – Enabling a 25%+ cost reduction of solar inverters (2) • GaN ICs deliver 40% energy savings in solar inverters Lower Less Inverter Power (3) (3) $ Inverter Cost Dissipation $0.100/W 158 W Power is converted from DC low-voltage solar panels to AC high-voltage to power your 25%+ home or the power grid and to high-voltage DC stored in a battery (energy storage). 40%+ Savings Energy Savings $500M opportunity in development with lead solar customer 94 W $0.075/W • Leading solar player expected to adopt GaN IC in next-generation inverters and storage • Over $500M GaN IC revenue opportunity between 2023 – 2030 (4) Total residential solar GaN IC opportunity > $1B / Year • $5-10M GaN IC sales potential per MW solar installation Silicon Silicon (1) EnergySage Solar Marketplace, 2020. (2) Navitas estimate versus Si-based inverters assuming GaN-based (3) Navitas estimate based on 6.2 kW residential (4) Based on MarketsandMarkets Micro-Inverter © Navitas Semiconductor 2021 22 inverter enables 40% reduced power loss and 25% lower inverter installation with silicon inverter at 97.5% efficiency Market report and Navitas analysis. costs for a typical 6.2kW residential solar installation. and GaN invertor at 98.5% efficiency.GaN Is Positioned For The Future Of Solar Solar energy adoption is driven by $ per watt Micro-inverters • Solar adoption driven by reducing hardware costs, increasing energy savings Opportunity • GaN ICs reduce solar inverter costs while increasing energy savings (1) • Typical solar payback is in range of 8 years Energy Storage GaN ICs can improve solar payback by 10% or more Opportunity • GaN ICs shrink passive & mechanical size, weight & cost by 50% (2) – Enabling a 25%+ cost reduction of solar inverters (2) • GaN ICs deliver 40% energy savings in solar inverters Lower Less Inverter Power (3) (3) $ Inverter Cost Dissipation $0.100/W 158 W Power is converted from DC low-voltage solar panels to AC high-voltage to power your 25%+ home or the power grid and to high-voltage DC stored in a battery (energy storage). 40%+ Savings Energy Savings $500M opportunity in development with lead solar customer 94 W $0.075/W • Leading solar player expected to adopt GaN IC in next-generation inverters and storage • Over $500M GaN IC revenue opportunity between 2023 – 2030 (4) Total residential solar GaN IC opportunity > $1B / Year • $5-10M GaN IC sales potential per MW solar installation Silicon Silicon (1) EnergySage Solar Marketplace, 2020. (2) Navitas estimate versus Si-based inverters assuming GaN-based (3) Navitas estimate based on 6.2 kW residential (4) Based on MarketsandMarkets Micro-Inverter © Navitas Semiconductor 2021 22 inverter enables 40% reduced power loss and 25% lower inverter installation with silicon inverter at 97.5% efficiency Market report and Navitas analysis. costs for a typical 6.2kW residential solar installation. and GaN invertor at 98.5% efficiency.

GaN Is Positioned For The Future Of Electric Vehicles EV demands faster charging and extended range DC/DC On-Board • Existing silicon on-board chargers are SLOW (up to ten hours for full charge) HV Battery LV Battery Opportunity Charger (1) • Range anxiety is #1 limitation for EV adoption Opportunity (2) Traction • Battery is the #1 cost driver for EV Drive GaN ICs deliver fast charging and extended range • 3x faster charging with similar size and weight • 70% energy savings in power electronics enables 5% extended driving range (3) or 5% lower battery costs Faster Less Inverter Lower Longer (4) Charge Time Power Dissipation Battery Cost Driving Range 242 mi $10.0K 10.5 kW st 5% More 11.3 hrs $400M opportunity in development with lead 1 EV customer 5% Less 60% • Leading EV supplier to adopt GaN IC in next-generation 20kW on-board charger 230 mi 70%+ $9.5K Faster • Over $400M revenue opportunity between 2025 - 2030 Energy Savings (5) Total EV opportunity for GaN IC > $2.5B / Year 4.7 hrs • Over 50Mu per year of EV production projected by 2030 3.0 kW • Over $50 of potential GaN IC content per EV → >$2.5B per year GaN IC opportunity • Additional upside markets include eBike, eScooter, eMotor Bike, etc. (1) Volvo Reports: The State of Electric Vehicles in America, February 2019. (4) Illustrative comparison of 6.6 kW silicon on-board charger versus Silicon Silicon Silicon Silicon 21 kW GaN on-board charger assuming a 90 kWh battery and (2) McKinsey. Making Electric Vehicles Profitable. March 2019. 80A wall charge limit. © Navitas Semiconductor 2021 Note: Assumes 150 kW traction inverter, 100 kWh battery, (3) Navitas estimate based on discussions with major suppliers of power (5) Based on BCG Research, Yole Research and Navitas analysis. 23 electronics to the electric vehicle industry. $100/kWh battery cost and typical 230 mile range.GaN Is Positioned For The Future Of Electric Vehicles EV demands faster charging and extended range DC/DC On-Board • Existing silicon on-board chargers are SLOW (up to ten hours for full charge) HV Battery LV Battery Opportunity Charger (1) • Range anxiety is #1 limitation for EV adoption Opportunity (2) Traction • Battery is the #1 cost driver for EV Drive GaN ICs deliver fast charging and extended range • 3x faster charging with similar size and weight • 70% energy savings in power electronics enables 5% extended driving range (3) or 5% lower battery costs Faster Less Inverter Lower Longer (4) Charge Time Power Dissipation Battery Cost Driving Range 242 mi $10.0K 10.5 kW st 5% More 11.3 hrs $400M opportunity in development with lead 1 EV customer 5% Less 60% • Leading EV supplier to adopt GaN IC in next-generation 20kW on-board charger 230 mi 70%+ $9.5K Faster • Over $400M revenue opportunity between 2025 - 2030 Energy Savings (5) Total EV opportunity for GaN IC > $2.5B / Year 4.7 hrs • Over 50Mu per year of EV production projected by 2030 3.0 kW • Over $50 of potential GaN IC content per EV → >$2.5B per year GaN IC opportunity • Additional upside markets include eBike, eScooter, eMotor Bike, etc. (1) Volvo Reports: The State of Electric Vehicles in America, February 2019. (4) Illustrative comparison of 6.6 kW silicon on-board charger versus Silicon Silicon Silicon Silicon 21 kW GaN on-board charger assuming a 90 kWh battery and (2) McKinsey. Making Electric Vehicles Profitable. March 2019. 80A wall charge limit. © Navitas Semiconductor 2021 Note: Assumes 150 kW traction inverter, 100 kWh battery, (3) Navitas estimate based on discussions with major suppliers of power (5) Based on BCG Research, Yole Research and Navitas analysis. 23 electronics to the electric vehicle industry. $100/kWh battery cost and typical 230 mile range.

GaN Addresses 10% of Net Zero CO Challenge 2 GaN Efficiency Reduces Emissions ...and Accelerates Adoption of Clean Technology (5) 4.6% ▪ Electricity demand is projected to double from 21 PWh to 42 PWh ▪ GaN is more efficient than Si at converting energy Renewable (3) 1.2 Gt electricity 40.4% ▪ Increasing efficiency reduces emissions GaN Transforming Energy addresses Roadmap Target 2050 Electricity Impact Carbon Impact 5.4% (7) Improved ▪ Global demand for electricity projected 2.6 Gt (1)▪ GaN addresses 33 Gt of CO 2 efficiency (5) to be ~42 PWh by 2050 cumulatively through 2050 and CO reduction 2 26 Gt 18.6% demand ▪ GaN improves electricity annually CO reduction (6) 2 reduction efficiency by 5% (4) 1.4 Gt (2) Non- Total potential energy 31.0% addressable (8) efficiency savings ~$120B Navitas Seeks To Provide Climate Change Solutions Source: Company information, DNV GL, EPA, IEA, International Renewable Energy Agency (IRENA) (5) Projected growth from 2015 to 2050 from IRENA’s Global Energy Transformation: A Roadmap to 2050 report (1) Assumes Transforming Energy Scenario from IRENA’s Reaching Zero with Renewables report. (p40). (2) Non-addressable segment includes use of renewable heat and biomass, synthetic fuels / feedstocks and (6) Assumes Si efficiency of 87.5% and GaN efficiency of 92.5%. carbon dioxide removal measures. (7) Assumes a constant adoption ramp between 2025 and 2050. (3) Assumes 58.9% renewable electricity emissions reduction attributable to non-solar generation and 25% (8) Derived from demand and energy efficiency CO reduction of 1.4 Gt; assumes a $0.12 / kWh cost of 2 © Navitas Semiconductor 2021 GaN share of Si replacement. electricity and a carbon to energy ratio of 0.00071 tons / kWh, aligned with the EPA’s marginal emission rate. 24 (4) Assumes 10% demand reduction, 50% efficiency improvement and 50% GaN share of Si replacement.GaN Addresses 10% of Net Zero CO Challenge 2 GaN Efficiency Reduces Emissions ...and Accelerates Adoption of Clean Technology (5) 4.6% ▪ Electricity demand is projected to double from 21 PWh to 42 PWh ▪ GaN is more efficient than Si at converting energy Renewable (3) 1.2 Gt electricity 40.4% ▪ Increasing efficiency reduces emissions GaN Transforming Energy addresses Roadmap Target 2050 Electricity Impact Carbon Impact 5.4% (7) Improved ▪ Global demand for electricity projected 2.6 Gt (1)▪ GaN addresses 33 Gt of CO 2 efficiency (5) to be ~42 PWh by 2050 cumulatively through 2050 and CO reduction 2 26 Gt 18.6% demand ▪ GaN improves electricity annually CO reduction (6) 2 reduction efficiency by 5% (4) 1.4 Gt (2) Non- Total potential energy 31.0% addressable (8) efficiency savings ~$120B Navitas Seeks To Provide Climate Change Solutions Source: Company information, DNV GL, EPA, IEA, International Renewable Energy Agency (IRENA) (5) Projected growth from 2015 to 2050 from IRENA’s Global Energy Transformation: A Roadmap to 2050 report (1) Assumes Transforming Energy Scenario from IRENA’s Reaching Zero with Renewables report. (p40). (2) Non-addressable segment includes use of renewable heat and biomass, synthetic fuels / feedstocks and (6) Assumes Si efficiency of 87.5% and GaN efficiency of 92.5%. carbon dioxide removal measures. (7) Assumes a constant adoption ramp between 2025 and 2050. (3) Assumes 58.9% renewable electricity emissions reduction attributable to non-solar generation and 25% (8) Derived from demand and energy efficiency CO reduction of 1.4 Gt; assumes a $0.12 / kWh cost of 2 © Navitas Semiconductor 2021 GaN share of Si replacement. electricity and a carbon to energy ratio of 0.00071 tons / kWh, aligned with the EPA’s marginal emission rate. 24 (4) Assumes 10% demand reduction, 50% efficiency improvement and 50% GaN share of Si replacement.

GaN Collaborations Expected to Accelerate CO Reduction 2 “The world is reaching the tipping point Public Sector beyond which climate change may become irreversible. If this happens, we risk denying present and future generations the right to a healthy and sustainable planet – the whole Global coordination of humanity stands to lose” towards net-zero - Kofi Annan, carbon emissions Former Secretary-General of UN Technology Providers “Today, a growing cohort of companies - big and small - are undertaking a rethink, as awareness grows of the need for goods and Rapid adoption of net- services that take better care of the planet” zero initiatives as business incentives - Reuters align with sustainability Navitas’ sustainable technology drives Clean Energy, CO emission 2 Transportation and “With all good technologies, there comes a time when buying the alternative no longer reduction and EV Companies makes sense…It’s looking like the 2020s will decarbonization be the decade of the electric car” Emerging leaders - Bloomberg driving the clean transition © Navitas Semiconductor 2021 Source: Press. 25GaN Collaborations Expected to Accelerate CO Reduction 2 “The world is reaching the tipping point Public Sector beyond which climate change may become irreversible. If this happens, we risk denying present and future generations the right to a healthy and sustainable planet – the whole Global coordination of humanity stands to lose” towards net-zero - Kofi Annan, carbon emissions Former Secretary-General of UN Technology Providers “Today, a growing cohort of companies - big and small - are undertaking a rethink, as awareness grows of the need for goods and Rapid adoption of net- services that take better care of the planet” zero initiatives as business incentives - Reuters align with sustainability Navitas’ sustainable technology drives Clean Energy, CO emission 2 Transportation and “With all good technologies, there comes a time when buying the alternative no longer reduction and EV Companies makes sense…It’s looking like the 2020s will decarbonization be the decade of the electric car” Emerging leaders - Bloomberg driving the clean transition © Navitas Semiconductor 2021 Source: Press. 25

World-Class GaN Experts Leading The Revolution (1) Tenured Leadership With Over $4 Billion Power Semiconductor Revenue Generated and 300 Years Combined Experience 3 of 4 Navitas Founders Have Worked Closely Together For Over 30 Years >20 Generations of Power Semiconductors $4B+ (2) New Revenue Created Nick Fichtenbaum, PhD David Carroll Marco Giandalia Co-Founder & Senior VP, VP, IC Design Gene Sheridan Dan Kinzer Jason Zhang VP Engineering Worldwide Sales Engineering 200+ Co-Founder Co-Founder & Co-Founder & & CEO CTO / COO VP, Apps & Tech Mktg Patents Issued st st Co-inventor of 1 commercial power Co-inventor of trench power Co-developer of 1 cascode GaN DMOSFETS (1978) MOSFET (1998) power FET (2011) Inventor of 1st p-channel power Initiated 1st commercial power GaN Co-inventor of 1st commercial GaN MOSFET (1979) on Si program (2002) power IC (2014) Todd Glickman Anthony Schiro Stephen Oliver st Co-inventor of 1st commercial high- Inventor of 1 GaN power IC PDK st Senior VP, Finance VP, Quality VP, Corporate Co-inventor of 1 GaN DrMOS (2010) voltage, half-bridge driver (1988) (2015) Marketing Experience at Leading Global Companies © Navitas Semiconductor 2021 26 (1) Based on cumulative professional experience of the Navitas senior management team. (2) Navitas estimate based on co-founder accomplishments spanning their professional careers.World-Class GaN Experts Leading The Revolution (1) Tenured Leadership With Over $4 Billion Power Semiconductor Revenue Generated and 300 Years Combined Experience 3 of 4 Navitas Founders Have Worked Closely Together For Over 30 Years >20 Generations of Power Semiconductors $4B+ (2) New Revenue Created Nick Fichtenbaum, PhD David Carroll Marco Giandalia Co-Founder & Senior VP, VP, IC Design Gene Sheridan Dan Kinzer Jason Zhang VP Engineering Worldwide Sales Engineering 200+ Co-Founder Co-Founder & Co-Founder & & CEO CTO / COO VP, Apps & Tech Mktg Patents Issued st st Co-inventor of 1 commercial power Co-inventor of trench power Co-developer of 1 cascode GaN DMOSFETS (1978) MOSFET (1998) power FET (2011) Inventor of 1st p-channel power Initiated 1st commercial power GaN Co-inventor of 1st commercial GaN MOSFET (1979) on Si program (2002) power IC (2014) Todd Glickman Anthony Schiro Stephen Oliver st Co-inventor of 1st commercial high- Inventor of 1 GaN power IC PDK st Senior VP, Finance VP, Quality VP, Corporate Co-inventor of 1 GaN DrMOS (2010) voltage, half-bridge driver (1988) (2015) Marketing Experience at Leading Global Companies © Navitas Semiconductor 2021 26 (1) Based on cumulative professional experience of the Navitas senior management team. (2) Navitas estimate based on co-founder accomplishments spanning their professional careers.

Proven Board of Directors And Advisors Gene Sheridan Dan Kinzer David Moxam Co-Founder Co-Founder & Founder & Managing & CEO CTO / COO Partner, Malibu IQ Brian Long Dipender Saluja Lip-Bu Managing Partner, Managing Director & Tan Atlantic Bridge Capital Partner, Capricorn Advisor Investment Group © Navitas Semiconductor 2021 27Proven Board of Directors And Advisors Gene Sheridan Dan Kinzer David Moxam Co-Founder Co-Founder & Founder & Managing & CEO CTO / COO Partner, Malibu IQ Brian Long Dipender Saluja Lip-Bu Managing Partner, Managing Director & Tan Atlantic Bridge Capital Partner, Capricorn Advisor Investment Group © Navitas Semiconductor 2021 27

Positioned For Rapid Multi-Market Expansion 18 Million Units First In-Box (1) Shipped with Mobile (2) No Failures Charger First High First Tier Aftermarket (2021) High Reliability Manufacturability 1 OEM (2020) E X P A N S I O N Mobile Demonstrated Demonstrated Customer Charger (2018) (2018) (2019) (2018) Exponential Growth Potential 2021+ 2018 – 2021 First First Data D E V E L O P M E N T Q U A L I F I C A T I O N A N D First Solar First EV Consumer Center Mainstream Mainstream C O M M E R C I A L I Z A T I O N Mainstream Mainstream GaN Adoption GaN Adoption GaN Adoption GaN Adoption 2014 – 2018 Expected Expected Expected Expected (2023) (2024) (2021) (2022) World’s First World’s First GaN Power IC GaN Half-Bridge Navitas Prototype Prototype Founded (2017) (2016) (2014) Fundamental Patents TSMC Foundry Filed – GaN Drive, Operational Control, Protection (2014) (2015) (1) Based on cumulative production shipments through Q1 2021. © Navitas Semiconductor 2021 (2) Based on Navitas accelerated reliability testing. 28Positioned For Rapid Multi-Market Expansion 18 Million Units First In-Box (1) Shipped with Mobile (2) No Failures Charger First High First Tier Aftermarket (2021) High Reliability Manufacturability 1 OEM (2020) E X P A N S I O N Mobile Demonstrated Demonstrated Customer Charger (2018) (2018) (2019) (2018) Exponential Growth Potential 2021+ 2018 – 2021 First First Data D E V E L O P M E N T Q U A L I F I C A T I O N A N D First Solar First EV Consumer Center Mainstream Mainstream C O M M E R C I A L I Z A T I O N Mainstream Mainstream GaN Adoption GaN Adoption GaN Adoption GaN Adoption 2014 – 2018 Expected Expected Expected Expected (2023) (2024) (2021) (2022) World’s First World’s First GaN Power IC GaN Half-Bridge Navitas Prototype Prototype Founded (2017) (2016) (2014) Fundamental Patents TSMC Foundry Filed – GaN Drive, Operational Control, Protection (2014) (2015) (1) Based on cumulative production shipments through Q1 2021. © Navitas Semiconductor 2021 (2) Based on Navitas accelerated reliability testing. 28

Growth Strategy Market Technology Acquisition Expansion Innovation Opportunities Invest in Complimentary Technologies EV / eMobility Multiple New Generations of That Increase Power Semi Content In GaN Technology Targeted Applications Solar / Energy Storage Acquire Synergistic Companies to Advanced Packaging of GaN ICs Accelerate Top Line Growth Enterprise to Serve Higher Power Markets We Believe Navitas Is Poised To Accelerate Growth With Additional Capital And A Robust Pipeline Of Opportunities © Navitas Semiconductor 2021 29Growth Strategy Market Technology Acquisition Expansion Innovation Opportunities Invest in Complimentary Technologies EV / eMobility Multiple New Generations of That Increase Power Semi Content In GaN Technology Targeted Applications Solar / Energy Storage Acquire Synergistic Companies to Advanced Packaging of GaN ICs Accelerate Top Line Growth Enterprise to Serve Higher Power Markets We Believe Navitas Is Poised To Accelerate Growth With Additional Capital And A Robust Pipeline Of Opportunities © Navitas Semiconductor 2021 29

Diversified End Markets Drive Projected 94% Revenue CAGR ($ in mm) Diversified end markets Projected 94% 6-year CAGR $640 – Mobile includes phone, tablet and laptop, (1) Other ✓ Significant near-term visibility from design providing solid foundation and high growth base wins in production or committed to production to validate technology and drive economy of scale EV / eMobility ✓ Committed manufacturing capacity in excess – Consumer growth driven by increasing GaN of forecasts adoption across the TV, all-in-one PC, smart $454 Renewables / Solar home and game system sub segments ✓ Short lead times can potentially accelerate – Enterprise expected to ramp quickly to drive GaN adoption Enterprise significant electricity and energy savings for data $308 centers and 5G base stations Consumer – Renewables / Solar primarily driven by residential micro inverter, PV inverter and storage $182 – EV / eMobility growth is expected to be driven predominantly by on-board chargers for EV Mobile $69 $27 $12 2020 2021 2022 2023 2024 2025 2026 Source: Company projections. © Navitas Semiconductor 2021 30 (1) Reflects additional end-market opportunities for industrial and other applications.Diversified End Markets Drive Projected 94% Revenue CAGR ($ in mm) Diversified end markets Projected 94% 6-year CAGR $640 – Mobile includes phone, tablet and laptop, (1) Other ✓ Significant near-term visibility from design providing solid foundation and high growth base wins in production or committed to production to validate technology and drive economy of scale EV / eMobility ✓ Committed manufacturing capacity in excess – Consumer growth driven by increasing GaN of forecasts adoption across the TV, all-in-one PC, smart $454 Renewables / Solar home and game system sub segments ✓ Short lead times can potentially accelerate – Enterprise expected to ramp quickly to drive GaN adoption Enterprise significant electricity and energy savings for data $308 centers and 5G base stations Consumer – Renewables / Solar primarily driven by residential micro inverter, PV inverter and storage $182 – EV / eMobility growth is expected to be driven predominantly by on-board chargers for EV Mobile $69 $27 $12 2020 2021 2022 2023 2024 2025 2026 Source: Company projections. © Navitas Semiconductor 2021 30 (1) Reflects additional end-market opportunities for industrial and other applications.

Strong Revenue Visibility and Customer Pipeline Positions Navitas For Long-Term Growth ($ in mm) (1) (2) Awarded Qualified Opportunities Notable Announced Customers Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 $12 $27 $69 ✓ Leading phone, tablet, notebook & aftermarket suppliers are designing GaN chargers with Navitas Diverse, ✓ Leading EV suppliers developing next-gen on-board charger with Navitas GaNICs High-Quality ✓ Leading renewable suppliers developing next-gen solar inverter with Navitas GaN ICs Opportunities✓ Leading enterprise suppliers developing next-gen data center with Navitas GaNICs ✓ Leading all-in-one PC and LED TV suppliers developing next-gen integrated power supply with Navitas GaN ICs (1) Based on design wins in production or committed to production. © Navitas Semiconductor 2021 31 (2) Based on Navitas assumptions concerning future demand from potential opportunities evaluated with new and existing customers.Strong Revenue Visibility and Customer Pipeline Positions Navitas For Long-Term Growth ($ in mm) (1) (2) Awarded Qualified Opportunities Notable Announced Customers Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 $12 $27 $69 ✓ Leading phone, tablet, notebook & aftermarket suppliers are designing GaN chargers with Navitas Diverse, ✓ Leading EV suppliers developing next-gen on-board charger with Navitas GaNICs High-Quality ✓ Leading renewable suppliers developing next-gen solar inverter with Navitas GaN ICs Opportunities✓ Leading enterprise suppliers developing next-gen data center with Navitas GaNICs ✓ Leading all-in-one PC and LED TV suppliers developing next-gen integrated power supply with Navitas GaN ICs (1) Based on design wins in production or committed to production. © Navitas Semiconductor 2021 31 (2) Based on Navitas assumptions concerning future demand from potential opportunities evaluated with new and existing customers.

Summary Historical Financials and Projections Gross margin (%) EBITDA ($mm) (150%) (84%) (28%) 7% 16% 22% 25% Fast transition to new generation of products is driving 20%+ YoY cost reductions in 2021. $162 55% 55% 53% 51% 50% $102 46% 44% Q1’ 21 $50 33% $12 ($18) ($19) ($23) (1) (1) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Fabless Model - Capital expenditure ($mm) 1% 2% 2% 0.2% 3.9% 7.4% 3.8% 3.6% 2.8% 2.9% 4% $18.7 $12.6 55% $11.1 46% $6.9 $5.1 $1.1 $0.0 (1) FY2021 New Add'l Supply Volume FY2026 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 gross Generations Integration chain Pricing gross margin optimization (Net ASP) margin Source: Company materials. © Navitas Semiconductor 2021 32 % of Revenue #% (1) Based on unaudited FY2020 financial statements.Summary Historical Financials and Projections Gross margin (%) EBITDA ($mm) (150%) (84%) (28%) 7% 16% 22% 25% Fast transition to new generation of products is driving 20%+ YoY cost reductions in 2021. $162 55% 55% 53% 51% 50% $102 46% 44% Q1’ 21 $50 33% $12 ($18) ($19) ($23) (1) (1) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Fabless Model - Capital expenditure ($mm) 1% 2% 2% 0.2% 3.9% 7.4% 3.8% 3.6% 2.8% 2.9% 4% $18.7 $12.6 55% $11.1 46% $6.9 $5.1 $1.1 $0.0 (1) FY2021 New Add'l Supply Volume FY2026 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 gross Generations Integration chain Pricing gross margin optimization (Net ASP) margin Source: Company materials. © Navitas Semiconductor 2021 32 % of Revenue #% (1) Based on unaudited FY2020 financial statements.

Transaction Summary Transaction Overview Pro Forma Valuation ($mm, except per share data) – Total purchase price of $950mm (2) Total shares outstanding 139.9 – Implied purchase multiple of 5.2x 2023E revenue – Purchase multiple assumes 2023E revenue of ~$182.4mm (1) Price per share $10.00 – Transaction will be funded by $145mm PIPE, Live Oak Acquisition Corp. II cash in trust of $253mm and issuance of common stock to existing Navitas investors (1) – Total cash proceeds of $398mm for the transaction Equity value $1,399 – Net cash proceeds to Navitas balance sheet to accelerate and fund future growth initiatives – Navitas existing shareholders and management are rolling 100% of their equity into the transaction (4) Less: net cash ($363) – LOKB Sponsor to defer 20% of sponsor promote into an earnout which can be earned in three (2) equal installments at $12.50, $17.00, and $20.00 a share – Navitas pre-closing shareholders and equity incentive award holders will receive 10.0mm new additional $1,036 Total enterprise value (2) shares in the form of an earnout achieved in three equal installments at $12.50, $17.00, and $20.00 a share – Remaining 80% of LOKB Sponsor common shares and Navitas management common shares also subject to lock-up restrictions 5.7x TEV / 2023E revenue (3) – Equal amounts subject to one-, two- and three-year lock-ups, respectively (5) Cash Sources and Uses ($mm) Pro Forma Illustrative Ownership Breakdown PIPE Investors SOURCES OF CASH USES OF CASH 10.4% LOKB Sponsor Navitas shareholder equity (1) Live Oak II cash-in-trust $253 $950 Live Oak II Shareholders 3.6% rollover 18.1% Navitas shareholder equity rollover $950 Cash to balance sheet $363 100% Existing Investor Rollover 67.9% PIPE shareholders $145 Deal expenses $35 Total Sources of Cash $1,348 Total Uses of Cash $1,348 (1) Assumes no Live Oak Acquisition Corp. II stockholder has exercised its redemption rights to receive cash from the trust account. This amount will be reduced by the amount of cash used to satisfy any redemptions. (2) Pro forma share count includes 95.0mm seller rollover shares, 25.3mm Live Oak II SPAC shares, 14.5mm PIPE investor shares and 5.1mm Live Oak II Sponsor shares. Excludes the impact of 10.0mm Seller earnout shares and 1.3mm Sponsor promote shares vesting evenly at $12.50, $17.00 and $20.00. (3) Equal amounts of the Sponsor Non-Earnout Shares will be subject to one-, two- and three-year lock-ups, respectively, provided that if the reported closing price of the combined company’s Class A common stock equals or exceeds $12.00, $17.00 or $20.00 per share, respectively, (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period © Navitas Semiconductor 2021 commencing at least 150 days after Closing, then such shares will only be subject to early release of the lock-up restrictions after six months, one or two years following Closing, respectively. 33 (4) $363mm net cash excludes company’s existing net cash of $24mm. (5) Excludes the impact of 4.7mm private warrants and 8.3mm public warrants.Transaction Summary Transaction Overview Pro Forma Valuation ($mm, except per share data) – Total purchase price of $950mm (2) Total shares outstanding 139.9 – Implied purchase multiple of 5.2x 2023E revenue – Purchase multiple assumes 2023E revenue of ~$182.4mm (1) Price per share $10.00 – Transaction will be funded by $145mm PIPE, Live Oak Acquisition Corp. II cash in trust of $253mm and issuance of common stock to existing Navitas investors (1) – Total cash proceeds of $398mm for the transaction Equity value $1,399 – Net cash proceeds to Navitas balance sheet to accelerate and fund future growth initiatives – Navitas existing shareholders and management are rolling 100% of their equity into the transaction (4) Less: net cash ($363) – LOKB Sponsor to defer 20% of sponsor promote into an earnout which can be earned in three (2) equal installments at $12.50, $17.00, and $20.00 a share – Navitas pre-closing shareholders and equity incentive award holders will receive 10.0mm new additional $1,036 Total enterprise value (2) shares in the form of an earnout achieved in three equal installments at $12.50, $17.00, and $20.00 a share – Remaining 80% of LOKB Sponsor common shares and Navitas management common shares also subject to lock-up restrictions 5.7x TEV / 2023E revenue (3) – Equal amounts subject to one-, two- and three-year lock-ups, respectively (5) Cash Sources and Uses ($mm) Pro Forma Illustrative Ownership Breakdown PIPE Investors SOURCES OF CASH USES OF CASH 10.4% LOKB Sponsor Navitas shareholder equity (1) Live Oak II cash-in-trust $253 $950 Live Oak II Shareholders 3.6% rollover 18.1% Navitas shareholder equity rollover $950 Cash to balance sheet $363 100% Existing Investor Rollover 67.9% PIPE shareholders $145 Deal expenses $35 Total Sources of Cash $1,348 Total Uses of Cash $1,348 (1) Assumes no Live Oak Acquisition Corp. II stockholder has exercised its redemption rights to receive cash from the trust account. This amount will be reduced by the amount of cash used to satisfy any redemptions. (2) Pro forma share count includes 95.0mm seller rollover shares, 25.3mm Live Oak II SPAC shares, 14.5mm PIPE investor shares and 5.1mm Live Oak II Sponsor shares. Excludes the impact of 10.0mm Seller earnout shares and 1.3mm Sponsor promote shares vesting evenly at $12.50, $17.00 and $20.00. (3) Equal amounts of the Sponsor Non-Earnout Shares will be subject to one-, two- and three-year lock-ups, respectively, provided that if the reported closing price of the combined company’s Class A common stock equals or exceeds $12.00, $17.00 or $20.00 per share, respectively, (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period © Navitas Semiconductor 2021 commencing at least 150 days after Closing, then such shares will only be subject to early release of the lock-up restrictions after six months, one or two years following Closing, respectively. 33 (4) $363mm net cash excludes company’s existing net cash of $24mm. (5) Excludes the impact of 4.7mm private warrants and 8.3mm public warrants.

Comparable Company Selection Recent DeSPACs Recent Semiconductor IPOs Power Semiconductors Semiconductors LiDAR Next-Gen High Growth Mature Diversified ➢ Two most recent, regular- way semiconductor IPOs ➢ Direct product and application comparables ➢ Emerging hardware technologies with significant growth inflection points in the medium to long-term ➢ Businesses providing next- ➢ Next-gen, high growth names are mid-cap, more highly specialized and gen technologies for fastest growing companies in power segment ➢ 2 semiconductor DeSPACs announced in December 2020 and fundamental applications January 2021, both pure-play stories (FPGA and Automotive) with ➢ Mature players are power analog semiconductor leaders with more (Sensors, Timing) indie revenue curve more analogous to Navitas diversified business segments and slower growth that represent ➢ Attacking large, important margin profiles at the largest scale achievable ➢ LiDAR players represent a crowded market chasing a similar solution market opportunities with limited near-term revenue opportunity, requiring investor comfort (Automotive, Datacenter) around longer term financial profile (CY24 and on) against significantly larger but less nimble incumbents © Navitas Semiconductor 2021 34Comparable Company Selection Recent DeSPACs Recent Semiconductor IPOs Power Semiconductors Semiconductors LiDAR Next-Gen High Growth Mature Diversified ➢ Two most recent, regular- way semiconductor IPOs ➢ Direct product and application comparables ➢ Emerging hardware technologies with significant growth inflection points in the medium to long-term ➢ Businesses providing next- ➢ Next-gen, high growth names are mid-cap, more highly specialized and gen technologies for fastest growing companies in power segment ➢ 2 semiconductor DeSPACs announced in December 2020 and fundamental applications January 2021, both pure-play stories (FPGA and Automotive) with ➢ Mature players are power analog semiconductor leaders with more (Sensors, Timing) indie revenue curve more analogous to Navitas diversified business segments and slower growth that represent ➢ Attacking large, important margin profiles at the largest scale achievable ➢ LiDAR players represent a crowded market chasing a similar solution market opportunities with limited near-term revenue opportunity, requiring investor comfort (Automotive, Datacenter) around longer term financial profile (CY24 and on) against significantly larger but less nimble incumbents © Navitas Semiconductor 2021 34

Revenue Growth Benchmarking: Recent DeSPACs, Recent Semiconductor IPOs and Power Semiconductors CY2020E – CY2025E Projected Revenue CAGR CY2020E – CY2022E Projected Revenue CAGR Recent Semiconductor IPOs Power Semiconductors Next-Gen High Growth Mature Diversified Median: 20% Median: 22% Median: 11% 151% 106% 58% 35% 26% 22% 17% 13% 12% 10% 1 2 3 4 5 6 7 8 9 10 11 12 13 Median (3) (4) Median LiDAR Semiconductor (2) DeSPACs (1) DeSPACs Note: Market data as of May 4, 2021. Multiples above 75.0x are considered not material. (1) Semiconductor DeSPACS include Indie and Achronix. (2) LiDAR DeSPACS include Luminar, Aeye, Aeva, Innoviz Technologies, Velodyne Lidar and Ouster. Aeye represents CY2021E – CY2026E revenue CAGR. Velodyne Lidar represents CY2020E – CY2024E revenue CAGR. (3) FY2021E – FY2023E used as a proxy. FY ends March 31. © Navitas Semiconductor 2021 35 (4) Represents Wolfspeed segment. Source: company filings, FactSet.Revenue Growth Benchmarking: Recent DeSPACs, Recent Semiconductor IPOs and Power Semiconductors CY2020E – CY2025E Projected Revenue CAGR CY2020E – CY2022E Projected Revenue CAGR Recent Semiconductor IPOs Power Semiconductors Next-Gen High Growth Mature Diversified Median: 20% Median: 22% Median: 11% 151% 106% 58% 35% 26% 22% 17% 13% 12% 10% 1 2 3 4 5 6 7 8 9 10 11 12 13 Median (3) (4) Median LiDAR Semiconductor (2) DeSPACs (1) DeSPACs Note: Market data as of May 4, 2021. Multiples above 75.0x are considered not material. (1) Semiconductor DeSPACS include Indie and Achronix. (2) LiDAR DeSPACS include Luminar, Aeye, Aeva, Innoviz Technologies, Velodyne Lidar and Ouster. Aeye represents CY2021E – CY2026E revenue CAGR. Velodyne Lidar represents CY2020E – CY2024E revenue CAGR. (3) FY2021E – FY2023E used as a proxy. FY ends March 31. © Navitas Semiconductor 2021 35 (4) Represents Wolfspeed segment. Source: company filings, FactSet.

Trading Statistics: Recent DeSPACs, Recent Semiconductor IPOs and Power Semiconductors EV / CY2023E and CY2025E Projected Revenue EV / CY2022E Projected Revenue Power Semiconductors Recent Semiconductor IPOs Next-Gen High Growth Mature Diversified Median 2022E: 7.3x Median 2022E: 13.4x Median 2022E: 9.0x 18.5x 13.5x 13.4x 9.3x 8.8x 8.6x 6.2x 6.1x 6.1x 5.7x 3.2x 2.3x 2.0x 25E 23E 25E 23E 25E 23E (3) (4) Median Median LiDAR Semiconductor (2) DeSPACs (1) DeSPACs Note: Market data as of May 4, 2021. Multiples above 75.0x are considered not material. (1) Semiconductor DeSPACs include Indie and Achronix. (2) LiDAR DeSPACs include Aeva, Aeye, Innoviz Technologies, Luminar, Ouster and Velodyne Lidar. © Navitas Semiconductor 2021 (3) FY2023E used as a proxy for CY2022E. FY ends March 31. 36 (4) Represents Wolfspeed segment. Source: company filings, FactSet.Trading Statistics: Recent DeSPACs, Recent Semiconductor IPOs and Power Semiconductors EV / CY2023E and CY2025E Projected Revenue EV / CY2022E Projected Revenue Power Semiconductors Recent Semiconductor IPOs Next-Gen High Growth Mature Diversified Median 2022E: 7.3x Median 2022E: 13.4x Median 2022E: 9.0x 18.5x 13.5x 13.4x 9.3x 8.8x 8.6x 6.2x 6.1x 6.1x 5.7x 3.2x 2.3x 2.0x 25E 23E 25E 23E 25E 23E (3) (4) Median Median LiDAR Semiconductor (2) DeSPACs (1) DeSPACs Note: Market data as of May 4, 2021. Multiples above 75.0x are considered not material. (1) Semiconductor DeSPACs include Indie and Achronix. (2) LiDAR DeSPACs include Aeva, Aeye, Innoviz Technologies, Luminar, Ouster and Velodyne Lidar. © Navitas Semiconductor 2021 (3) FY2023E used as a proxy for CY2022E. FY ends March 31. 36 (4) Represents Wolfspeed segment. Source: company filings, FactSet.

Valuation Summary (1) - Trading multiples based on power semiconductor comparable players at 9.0x – 13.0x 2022E projected revenue. We apply the 2023 projected revenue metric and discount at a 20% rate (2) - For reference, recent early stage / high growth semiconductor deSPACs are trading at a median of 6.2x 2023 (3) projected revenue and recent LiDAR deSPACs are trading at median of 18.0x 2023 projected revenue Implied enterprise value based on comparable companies ($bn) Transaction value ($bn) $2.4 $2.0 94% Upside 61% $1.6 Upside $1.04 $1.4 5.7x 2023E Projected Revenue (4) Discount rate: 20% (2.3x 2025E Projected Revenue) 9.0x – 13.0x 2023E Projected Revenue Implied future Implied current Proposed transaction enterprise value enterprise value enterprise value (1) Comparable power semiconductor companies include Monolithic Power Systems, Cree Inc., Power Integrations, Texas Instruments, and Analog Devices. (2) Semiconductor DeSPACs include Indie and Achronix. (3) LiDAR DeSPACs include Aeva, Aeye, Innoviz Technologies, Luminar, Ouster and Velodyne Lidar. © Navitas Semiconductor 2021 37 (4) 2023E projected revenue ~$182mm. Source: company filings, FactSet.Valuation Summary (1) - Trading multiples based on power semiconductor comparable players at 9.0x – 13.0x 2022E projected revenue. We apply the 2023 projected revenue metric and discount at a 20% rate (2) - For reference, recent early stage / high growth semiconductor deSPACs are trading at a median of 6.2x 2023 (3) projected revenue and recent LiDAR deSPACs are trading at median of 18.0x 2023 projected revenue Implied enterprise value based on comparable companies ($bn) Transaction value ($bn) $2.4 $2.0 94% Upside 61% $1.6 Upside $1.04 $1.4 5.7x 2023E Projected Revenue (4) Discount rate: 20% (2.3x 2025E Projected Revenue) 9.0x – 13.0x 2023E Projected Revenue Implied future Implied current Proposed transaction enterprise value enterprise value enterprise value (1) Comparable power semiconductor companies include Monolithic Power Systems, Cree Inc., Power Integrations, Texas Instruments, and Analog Devices. (2) Semiconductor DeSPACs include Indie and Achronix. (3) LiDAR DeSPACs include Aeva, Aeye, Innoviz Technologies, Luminar, Ouster and Velodyne Lidar. © Navitas Semiconductor 2021 37 (4) 2023E projected revenue ~$182mm. Source: company filings, FactSet.

Thank You 37Thank You 37

Risk Factors Related to Navitas Important Disclosures The list below of risk factors has been prepared in connection with the proposed business combination of Live Oak Acquisition Corp. II (“LOKB”) and Navitas Semiconductor Limited (the “Business Combination”). All references to “Navitas,” “we,” “us” or “our” refer to the business of Navitas Semiconductor Limited and its consolidated subsidiaries. The risks presented below are certain of the general risks related to the business of Navitas and the Business Combination, and such list is not exhaustive. The list below is qualified in its entirety by disclosures contained in future documents filed or furnished by Navitas and LOKB with the U.S. Securities and Exchange Commission (“SEC”), including the documents filed or furnished in connection with the proposed transactions between Navitas and LOKB. The risks presented in such filings will be consistent with those that would be required for a public company in its SEC filings, including with respect to the business and securities of Navitas and LOKB and the proposed transactions between Navitas and LOKB, and may differ significantly from and be more extensive than those presented below. If we cannot address any of the following risks and uncertainties effectively, or any other risks and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. The risks described below are not the only ones we face. Additional risks that we currently do not know about or that we currently believe to be immaterial may also impair our business, financial condition or results of operations. You should review the investor presentation and perform your own due diligence prior to making an investment in Navitas and LOKB. RISKS RELATED TO NAVITAS’ BUSINESS ▪ The cyclical nature of the semiconductor industry may limit Navitas’ ability to maintain or improve its net sales and profitability. ▪ Downturns or volatility in general economic conditions could have a material adverse effect on Navitas’ business, financial condition, results of operations and liquidity. ▪ Navitas’ business could be materially and adversely affected by the current global COVID-19 pandemic or other health epidemics and outbreaks. ▪ The semiconductor industry is highly competitive. If Navitas is not able to compete successfully, its business, financial results and future prospects will be harmed. ▪ The semiconductor industry is characterized by continued price erosion, especially after a product has been on the market. ▪ Navitas’ working capital needs are difficult to predict. ▪ Industry consolidation may result in increased competition, which could result in a reduction in revenue. ▪ Navitas depends on growth in the end markets that use its products. Any slowdown in the growth of these end markets could adversely affect its financial results. ▪ The average selling prices of products in Navitas’ markets have historically decreased over time and could do so in the future, which could adversely impact Navitas’ revenue and profitability. ▪ Navitas is dependent on a limited number of distributors and end customers. The loss of, or a significant disruption in the relationships with any of these distributors or end customers, could significantly reduce Navitas’ revenue and adversely impact Navitas’ operating result. ▪ A significant portion of Navitas’ net sales is generated through customers in China which subjects Navitas to risks associated with changes of Chinese customer interest and governmental or regulatory changes. ▪ If Navitas fails in a timely and cost-effective manner to develop new product features or new products that address customer preferences and achieve market acceptance, Navitas’ operating results could be adversely affected. ▪ If Navitas fails to accurately anticipate and respond to rapid technological change in the industries in which Navitas operates, Navitas’ ability to attract and retain customers could be impaired and its competitive position could be harmed. ▪ Navitas’ competitive position could be adversely affected if it is unable to meet customers’ or device manufacturers’ quality requirements. ▪ If Navitas is unable to expand or further diversify its customer base, its business, financial condition, and results of operations could suffer. ▪ Navitas’ success and future revenue depends on its ability to achieve design wins and to convince Navitas’ current and prospective customers to design its products into their product offerings. If Navitas does not continue to win designs or its products are not designed into its customers’ product offerings, Navitas’ results of operations and business will be harmed. ▪ Even if Navitas succeeds in securing design wins for its products, Navitas may not generate timely or sufficient net sales or margins from those wins and its financial results could suffer. © Navitas Semiconductor 2021 39Risk Factors Related to Navitas Important Disclosures The list below of risk factors has been prepared in connection with the proposed business combination of Live Oak Acquisition Corp. II (“LOKB”) and Navitas Semiconductor Limited (the “Business Combination”). All references to “Navitas,” “we,” “us” or “our” refer to the business of Navitas Semiconductor Limited and its consolidated subsidiaries. The risks presented below are certain of the general risks related to the business of Navitas and the Business Combination, and such list is not exhaustive. The list below is qualified in its entirety by disclosures contained in future documents filed or furnished by Navitas and LOKB with the U.S. Securities and Exchange Commission (“SEC”), including the documents filed or furnished in connection with the proposed transactions between Navitas and LOKB. The risks presented in such filings will be consistent with those that would be required for a public company in its SEC filings, including with respect to the business and securities of Navitas and LOKB and the proposed transactions between Navitas and LOKB, and may differ significantly from and be more extensive than those presented below. If we cannot address any of the following risks and uncertainties effectively, or any other risks and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. The risks described below are not the only ones we face. Additional risks that we currently do not know about or that we currently believe to be immaterial may also impair our business, financial condition or results of operations. You should review the investor presentation and perform your own due diligence prior to making an investment in Navitas and LOKB. RISKS RELATED TO NAVITAS’ BUSINESS ▪ The cyclical nature of the semiconductor industry may limit Navitas’ ability to maintain or improve its net sales and profitability. ▪ Downturns or volatility in general economic conditions could have a material adverse effect on Navitas’ business, financial condition, results of operations and liquidity. ▪ Navitas’ business could be materially and adversely affected by the current global COVID-19 pandemic or other health epidemics and outbreaks. ▪ The semiconductor industry is highly competitive. If Navitas is not able to compete successfully, its business, financial results and future prospects will be harmed. ▪ The semiconductor industry is characterized by continued price erosion, especially after a product has been on the market. ▪ Navitas’ working capital needs are difficult to predict. ▪ Industry consolidation may result in increased competition, which could result in a reduction in revenue. ▪ Navitas depends on growth in the end markets that use its products. Any slowdown in the growth of these end markets could adversely affect its financial results. ▪ The average selling prices of products in Navitas’ markets have historically decreased over time and could do so in the future, which could adversely impact Navitas’ revenue and profitability. ▪ Navitas is dependent on a limited number of distributors and end customers. The loss of, or a significant disruption in the relationships with any of these distributors or end customers, could significantly reduce Navitas’ revenue and adversely impact Navitas’ operating result. ▪ A significant portion of Navitas’ net sales is generated through customers in China which subjects Navitas to risks associated with changes of Chinese customer interest and governmental or regulatory changes. ▪ If Navitas fails in a timely and cost-effective manner to develop new product features or new products that address customer preferences and achieve market acceptance, Navitas’ operating results could be adversely affected. ▪ If Navitas fails to accurately anticipate and respond to rapid technological change in the industries in which Navitas operates, Navitas’ ability to attract and retain customers could be impaired and its competitive position could be harmed. ▪ Navitas’ competitive position could be adversely affected if it is unable to meet customers’ or device manufacturers’ quality requirements. ▪ If Navitas is unable to expand or further diversify its customer base, its business, financial condition, and results of operations could suffer. ▪ Navitas’ success and future revenue depends on its ability to achieve design wins and to convince Navitas’ current and prospective customers to design its products into their product offerings. If Navitas does not continue to win designs or its products are not designed into its customers’ product offerings, Navitas’ results of operations and business will be harmed. ▪ Even if Navitas succeeds in securing design wins for its products, Navitas may not generate timely or sufficient net sales or margins from those wins and its financial results could suffer. © Navitas Semiconductor 2021 39

Risk Factors Related to Navitas (Cont’d) Important Disclosures RISKS RELATED TO NAVITAS’ BUSINESS (CONT’D) ▪ The success of some of Navitas’ products are dependent on Navitas’ customers’ ability to develop products that achieve market acceptance, and Navitas’ customers’ failure to do so could negatively affect Navitas’ business, financial condition, and results of operations. ▪ If Navitas’ products do not conform to, or are not compatible with, existing or emerging industry standards, demand for its products may decrease, which in turn would harm Navitas’ business and operating results. ▪ Reliability is especially critical in the power semiconductor industry, and any adverse reliability result by Navitas with any of its customers could negatively affect Navitas’ business, financial condition, and results of operations. ▪ Because Navitas does not have long-term purchase commitments with its customers, orders may be cancelled, reduced, or rescheduled with little or no notice, which in turn exposes Navitas to inventory risk, and may cause its business, financial results and future prospect to be harmed. ▪ The complexity of Navitas’ products could result in unforeseen delays or expenses from undetected defects, errors or bugs in hardware or software which could reduce the market adoption of Navitas’ products, damage its reputation with current or prospective customers and adversely affect its operating costs. ▪ Warranty claims, product liability claims and product recalls could harm Navitas’ business, results of operations and financial condition. ▪ Navitas relies on a single third-party wafer fabrication facility for the fabrication of semiconductor wafers and on a limited number of suppliers of other materials, and the failure of this facility or any of these suppliers or additional suppliers to continue to produce wafers or other materials on a timely basis could harm Navitas’ business and its financial results. ▪ Navitas may experience difficulties in transitioning to new wafer fabrication process technologies or in achieving higher levels of design integration, which may result in reduced manufacturing yields, delays in product deliveries and increased costs. ▪ If Navitas’ foundry vendors do not achieve satisfactory yields or quality, Navitas’ reputation and customer relationships could be harmed. ▪ Navitas depends on vendors for the supply of certain new technology used in Navitas’ power system technology. Should these new technologies not be available, or not achieve satisfactory performance or quality requirements of Navitas’ customers or should the cost be increased of these technologies, Navitas’ financial condition and results of operations could be harmed. ▪ Navitas relies on the timely supply of materials and could suffer if suppliers fail to meet their delivery obligations or raise prices. Certain materials needed in Navitas’ manufacturing operations are only available from a limited number of suppliers. ▪ Navitas depends on independent contractors and third parties to provide key services in its product development and operations, and any disruption of their services, or an increase in cost of these services, could negatively impact Navitas’ financial condition and results of operations. ▪ Navitas relies on its relationships with industry and technology leaders to enhance Navitas’ product offerings and its inability to continue to develop or maintain such relationships in the future would harm Navitas’ ability to remain competitive. ▪ Navitas is subject to risks and uncertainties associated with international operations, which may harm its business. ▪ Navitas’ company culture has contributed to its success and if Navitas cannot maintain this culture as it grows, its business could be harmed. ▪ Loss of key management or other highly skilled personnel, or an inability to attract such management and other personnel, could adversely affect Navitas’ business. ▪ Navitas may not be able to effectively manage its growth and may need to incur significant expenditures to address the additional operational and control requirements of its growth, either of which could harm Navitas’ business and operating results. ▪ Navitas has an accumulated deficit and has incurred net losses in the past, and it may continue to incur net losses in the future. ▪ Increased costs of wafers and materials, or shortages in wafers and materials, could increase Navitas’ costs of operations and Navitas’ business could be harmed. ▪ Raw material price fluctuations can increase the cost of Navitas’ products, impact its ability to meet customer commitments, and may adversely affect its results of operations. ▪ Navitas’ actual operating results may differ significantly from its guidance. ▪ Events beyond Navitas’ control could have an adverse effect on its business, financial condition, results of operations and cash flows. ▪ Fluctuations in foreign exchange rates could have an adverse effect on Navitas’ results of operations. ▪ Navitas’ quarterly net sales and operating results are difficult to predict accurately and may fluctuate significantly from period to period. As a result, Navitas may fail to meet the expectations of investors, which could cause the combined company’s stock price to decline. © Navitas Semiconductor 2021 40Risk Factors Related to Navitas (Cont’d) Important Disclosures RISKS RELATED TO NAVITAS’ BUSINESS (CONT’D) ▪ The success of some of Navitas’ products are dependent on Navitas’ customers’ ability to develop products that achieve market acceptance, and Navitas’ customers’ failure to do so could negatively affect Navitas’ business, financial condition, and results of operations. ▪ If Navitas’ products do not conform to, or are not compatible with, existing or emerging industry standards, demand for its products may decrease, which in turn would harm Navitas’ business and operating results. ▪ Reliability is especially critical in the power semiconductor industry, and any adverse reliability result by Navitas with any of its customers could negatively affect Navitas’ business, financial condition, and results of operations. ▪ Because Navitas does not have long-term purchase commitments with its customers, orders may be cancelled, reduced, or rescheduled with little or no notice, which in turn exposes Navitas to inventory risk, and may cause its business, financial results and future prospect to be harmed. ▪ The complexity of Navitas’ products could result in unforeseen delays or expenses from undetected defects, errors or bugs in hardware or software which could reduce the market adoption of Navitas’ products, damage its reputation with current or prospective customers and adversely affect its operating costs. ▪ Warranty claims, product liability claims and product recalls could harm Navitas’ business, results of operations and financial condition. ▪ Navitas relies on a single third-party wafer fabrication facility for the fabrication of semiconductor wafers and on a limited number of suppliers of other materials, and the failure of this facility or any of these suppliers or additional suppliers to continue to produce wafers or other materials on a timely basis could harm Navitas’ business and its financial results. ▪ Navitas may experience difficulties in transitioning to new wafer fabrication process technologies or in achieving higher levels of design integration, which may result in reduced manufacturing yields, delays in product deliveries and increased costs. ▪ If Navitas’ foundry vendors do not achieve satisfactory yields or quality, Navitas’ reputation and customer relationships could be harmed. ▪ Navitas depends on vendors for the supply of certain new technology used in Navitas’ power system technology. Should these new technologies not be available, or not achieve satisfactory performance or quality requirements of Navitas’ customers or should the cost be increased of these technologies, Navitas’ financial condition and results of operations could be harmed. ▪ Navitas relies on the timely supply of materials and could suffer if suppliers fail to meet their delivery obligations or raise prices. Certain materials needed in Navitas’ manufacturing operations are only available from a limited number of suppliers. ▪ Navitas depends on independent contractors and third parties to provide key services in its product development and operations, and any disruption of their services, or an increase in cost of these services, could negatively impact Navitas’ financial condition and results of operations. ▪ Navitas relies on its relationships with industry and technology leaders to enhance Navitas’ product offerings and its inability to continue to develop or maintain such relationships in the future would harm Navitas’ ability to remain competitive. ▪ Navitas is subject to risks and uncertainties associated with international operations, which may harm its business. ▪ Navitas’ company culture has contributed to its success and if Navitas cannot maintain this culture as it grows, its business could be harmed. ▪ Loss of key management or other highly skilled personnel, or an inability to attract such management and other personnel, could adversely affect Navitas’ business. ▪ Navitas may not be able to effectively manage its growth and may need to incur significant expenditures to address the additional operational and control requirements of its growth, either of which could harm Navitas’ business and operating results. ▪ Navitas has an accumulated deficit and has incurred net losses in the past, and it may continue to incur net losses in the future. ▪ Increased costs of wafers and materials, or shortages in wafers and materials, could increase Navitas’ costs of operations and Navitas’ business could be harmed. ▪ Raw material price fluctuations can increase the cost of Navitas’ products, impact its ability to meet customer commitments, and may adversely affect its results of operations. ▪ Navitas’ actual operating results may differ significantly from its guidance. ▪ Events beyond Navitas’ control could have an adverse effect on its business, financial condition, results of operations and cash flows. ▪ Fluctuations in foreign exchange rates could have an adverse effect on Navitas’ results of operations. ▪ Navitas’ quarterly net sales and operating results are difficult to predict accurately and may fluctuate significantly from period to period. As a result, Navitas may fail to meet the expectations of investors, which could cause the combined company’s stock price to decline. © Navitas Semiconductor 2021 40

Risk Factors Related to Navitas (Cont’d) Important Disclosures RISKS RELATED TO NAVITAS’ BUSINESS (CONT’D) ▪ Due to Navitas’ limited operating history, Navitas may have difficulty accurately predicting its future revenue and appropriately budgeting its expenses. ▪ While Navitas intends to continue to invest in research and development, Navitas may be unable to make the substantial investments that are required to remain competitive in its business. ▪ Shifts in Navitas’ product mix or customer mix may result in declines in gross margin. ▪ Changes to financial accounting standards may affect Navitas’ results of operations and could cause Navitas to change its business practices. ▪ From time to time, Navitas may rely on strategic partnerships, joint ventures and alliances for manufacturing and research and development. However, Navitas may not control these partnerships and joint ventures, and actions taken by any of its partners or the termination of these partnerships or joint ventures could adversely affect its business. ▪ Navitas may from time to time desire to exit certain programs or businesses, or to restructure its operations, but may not be successful in doing so. ▪ Navitas may pursue mergers, acquisitions, investments and joint ventures, which could divert its management’s attention or otherwise disrupt its operations and adversely affect its results of operations. ▪ Navitas may require additional capital to support its business, and this capital might not be available on acceptable terms, if at all. ▪ Servicing Navitas’ debt and other payment obligations requires a significant amount of cash, and Navitas may not have sufficient cash flow from its business to pay its debts. ▪ Navitas’ loan agreements contain certain restrictive covenants that may limit its operating flexibility. ▪ Navitas’ business depends on the proper functioning of internal processes and information technology systems. A failure of these processes and systems, data breaches, cyber-attacks, or cyber-fraud may cause business disruptions, compromise Navitas’ intellectual property or other sensitive information, litigation or government actions, or result in losses. ▪ Inadequate internal controls could result in inaccurate financial reporting. ▪ Navitas could be subject to domestic or international changes in tax laws, tax rates or the adoption of new tax legislation, or it could otherwise have exposure to additional tax liabilities, which could adversely affect Navitas’ business, results of operations, financial condition or future profitability. ▪ Navitas is a tax resident of, and is subject to tax in, both the United States and Ireland. While Navitas intends to pursue relief from double taxation under the double tax treaty between the United States and Ireland, there can be no assurance that such efforts will be successful. Accordingly, the status of Navitas as a tax resident in the U.S. and Ireland may result in an increase in its cash tax obligations and effective tax rate, which increase may be material. ▪ As a consequence of Navitas being treated as an inverted domestic corporation under the Homeland Security Act, the U.S. federal government and certain state and local governments may refrain from entering into contracts with Navitas in the future, which could substantially decrease the value of Navitas’ business and, accordingly, the value of LOKB common shares. ▪ In connection with the restructuring of Navitas in 2020, substantially all of the intellectual property and other intangible assets of Navitas were sold from a subsidiary of the Navitas group to Navitas Semiconductor Limited. Navitas is in the process of obtaining third-party valuations of the transferred assets to support the purchase price paid for such assets. However, there can be no assurance that the relevant taxing authorities will agree with the purchase price ascribed to the transferred assets, and an adjustment to the purchase price could adversely impact Navitas’ tax position. ▪ As a result of plans to expand Navitas’ business operations, including to jurisdictions in which tax laws may not be favorable, LOKB’s and Navitas’ obligations may change or fluctuate, become significantly more complex or become subject to greater risk of examination by taxing authorities, any of which could adversely affect Navitas’ after-tax profitability and financial results. ▪ Navitas’ ability to use net operating loss carryforwards and other tax attributes may be limited in connection with the Business Combination or other ownership changes. ▪ Navitas may not be able to adequately protect its intellectual property rights. If Navitas fails to adequately enforce or defend its intellectual property rights, its business may be harmed. ▪ Navitas may not be able to obtain additional patents and the legal protection afforded by any additional patents may not adequately cover the full scope of Navitas’ business or permit Navitas to gain or keep any competitive advantage. ▪ If Navitas infringes or misappropriates, or is accused of infringing or misappropriating, the intellectual property rights of third parties, it may incur substantial costs or prevent Navitas from being able to commercialize new products. ▪ Navitas’ ability to design and introduce new products in a timely manner is dependent upon third-party IP, including “open source” software. ▪ Certain software that Navitas uses in its products is licensed from third parties and may not be available to Navitas in the future, which may delay product development and production or cause Navitas to incur additional expense. ▪ Navitas’ business is exposed to the risks associated with litigation, investigations and regulatory proceedings. © Navitas Semiconductor 2021 41Risk Factors Related to Navitas (Cont’d) Important Disclosures RISKS RELATED TO NAVITAS’ BUSINESS (CONT’D) ▪ Due to Navitas’ limited operating history, Navitas may have difficulty accurately predicting its future revenue and appropriately budgeting its expenses. ▪ While Navitas intends to continue to invest in research and development, Navitas may be unable to make the substantial investments that are required to remain competitive in its business. ▪ Shifts in Navitas’ product mix or customer mix may result in declines in gross margin. ▪ Changes to financial accounting standards may affect Navitas’ results of operations and could cause Navitas to change its business practices. ▪ From time to time, Navitas may rely on strategic partnerships, joint ventures and alliances for manufacturing and research and development. However, Navitas may not control these partnerships and joint ventures, and actions taken by any of its partners or the termination of these partnerships or joint ventures could adversely affect its business. ▪ Navitas may from time to time desire to exit certain programs or businesses, or to restructure its operations, but may not be successful in doing so. ▪ Navitas may pursue mergers, acquisitions, investments and joint ventures, which could divert its management’s attention or otherwise disrupt its operations and adversely affect its results of operations. ▪ Navitas may require additional capital to support its business, and this capital might not be available on acceptable terms, if at all. ▪ Servicing Navitas’ debt and other payment obligations requires a significant amount of cash, and Navitas may not have sufficient cash flow from its business to pay its debts. ▪ Navitas’ loan agreements contain certain restrictive covenants that may limit its operating flexibility. ▪ Navitas’ business depends on the proper functioning of internal processes and information technology systems. A failure of these processes and systems, data breaches, cyber-attacks, or cyber-fraud may cause business disruptions, compromise Navitas’ intellectual property or other sensitive information, litigation or government actions, or result in losses. ▪ Inadequate internal controls could result in inaccurate financial reporting. ▪ Navitas could be subject to domestic or international changes in tax laws, tax rates or the adoption of new tax legislation, or it could otherwise have exposure to additional tax liabilities, which could adversely affect Navitas’ business, results of operations, financial condition or future profitability. ▪ Navitas is a tax resident of, and is subject to tax in, both the United States and Ireland. While Navitas intends to pursue relief from double taxation under the double tax treaty between the United States and Ireland, there can be no assurance that such efforts will be successful. Accordingly, the status of Navitas as a tax resident in the U.S. and Ireland may result in an increase in its cash tax obligations and effective tax rate, which increase may be material. ▪ As a consequence of Navitas being treated as an inverted domestic corporation under the Homeland Security Act, the U.S. federal government and certain state and local governments may refrain from entering into contracts with Navitas in the future, which could substantially decrease the value of Navitas’ business and, accordingly, the value of LOKB common shares. ▪ In connection with the restructuring of Navitas in 2020, substantially all of the intellectual property and other intangible assets of Navitas were sold from a subsidiary of the Navitas group to Navitas Semiconductor Limited. Navitas is in the process of obtaining third-party valuations of the transferred assets to support the purchase price paid for such assets. However, there can be no assurance that the relevant taxing authorities will agree with the purchase price ascribed to the transferred assets, and an adjustment to the purchase price could adversely impact Navitas’ tax position. ▪ As a result of plans to expand Navitas’ business operations, including to jurisdictions in which tax laws may not be favorable, LOKB’s and Navitas’ obligations may change or fluctuate, become significantly more complex or become subject to greater risk of examination by taxing authorities, any of which could adversely affect Navitas’ after-tax profitability and financial results. ▪ Navitas’ ability to use net operating loss carryforwards and other tax attributes may be limited in connection with the Business Combination or other ownership changes. ▪ Navitas may not be able to adequately protect its intellectual property rights. If Navitas fails to adequately enforce or defend its intellectual property rights, its business may be harmed. ▪ Navitas may not be able to obtain additional patents and the legal protection afforded by any additional patents may not adequately cover the full scope of Navitas’ business or permit Navitas to gain or keep any competitive advantage. ▪ If Navitas infringes or misappropriates, or is accused of infringing or misappropriating, the intellectual property rights of third parties, it may incur substantial costs or prevent Navitas from being able to commercialize new products. ▪ Navitas’ ability to design and introduce new products in a timely manner is dependent upon third-party IP, including “open source” software. ▪ Certain software that Navitas uses in its products is licensed from third parties and may not be available to Navitas in the future, which may delay product development and production or cause Navitas to incur additional expense. ▪ Navitas’ business is exposed to the risks associated with litigation, investigations and regulatory proceedings. © Navitas Semiconductor 2021 41

Risk Factors Related to Navitas (Cont’d) Important Disclosures RISKS RELATED TO NAVITAS’ BUSINESS (CONT’D) ▪ The failure of Navitas to comply with the large body of laws and regulations to which it is subject or to successfully develop and implement policies, procedures and practices intended to facilitate compliance with such laws and regulations could have a material adverse effect its business and operations. ▪ Navitas is subject to export restrictions and laws affecting trade and investments that could materially and adversely affect its business and results of operations. ▪ In order to comply with environmental and occupational health and safety laws and regulations, Navitas may need to modify its activities or incur substantial costs, and such laws and regulations, including any failure to comply with such laws and regulations, could subject Navitas to substantial costs, liabilities, obligations and fines, or require it to have suppliers alter their processes. ▪ Conflict minerals and other supply chain diligence and disclosure regulations may force Navitas to incur additional expenses, may result in damage to its business reputation and may adversely impact its ability to conduct its business. ▪ Navitas could be adversely affected by violations of applicable anti-corruption laws or violations of its internal policies designed to ensure ethical business practices. ▪ Navitas qualifies as an “emerging growth company” within the meaning of the Securities Act of 1933, as amended, and if it takes advantage of certain exemptions from disclosure requirements available to emerging growth companies, it could make its securities less attractive to investors and may make it more difficult to compare its performance to the performance of other public companies. ▪ Navitas’ management has limited public company experience. As a result of becoming a public company, Navitas will be subject to additional regulatory compliance requirements and if Navitas fails to maintain an effective system of internal controls, Navitas may not be able to accurately report its financial results or prevent fraud. ▪ Compliance with state, federal, and foreign laws and regulations related to privacy, data use, and security may require increased capital expenditure, and a failure to comply with such laws and regulations could adversely affect Navitas. ▪ Regulations and evolving legislation governing issues involving climate change and sustainability could result in increased operating costs, which could have a material adverse effect on Navitas’ business. ▪ Part of Navitas’ business strategy includes certain claimed emissions-reduction benefits associated with the use of its products. Calculation of these benefits is complex and may need to be revised in the future if new information becomes available, and to the extent such a revision reduces the anticipated emissions-reduction benefits, this could adversely impact Navitas’ ability to market the sustainability aspects of its products. ▪ Navitas’ “awarded” and “qualified” opportunities may not be converted into binding orders or sales, and customers may cancel or delay that pipeline. ▪ Navitas’ projections are subject to significant risks, assumptions, estimates and uncertainties. As a result, our projected revenues, gross margin, EBITDA, market share, expenses and profitability may differ materially from our expectations. ▪ Navitas’ operating results and performance forecasts and projections regarding Navitas’ target markets rely in large part upon assumptions, estimates, measurements, testing, analyses and data developed and performed by Navitas. If these estimates, measurements, testing, analyses and data prove to be incorrect or flawed, Navitas’ actual operating results and performance may suffer or fail to meet expectations. ▪ Incorrect estimates or assumptions by management in connection with the preparation of Navitas’ consolidated financial statements could adversely affect Navitas’ reported assets, liabilities, income, revenue or expenses. © Navitas Semiconductor 2021 42Risk Factors Related to Navitas (Cont’d) Important Disclosures RISKS RELATED TO NAVITAS’ BUSINESS (CONT’D) ▪ The failure of Navitas to comply with the large body of laws and regulations to which it is subject or to successfully develop and implement policies, procedures and practices intended to facilitate compliance with such laws and regulations could have a material adverse effect its business and operations. ▪ Navitas is subject to export restrictions and laws affecting trade and investments that could materially and adversely affect its business and results of operations. ▪ In order to comply with environmental and occupational health and safety laws and regulations, Navitas may need to modify its activities or incur substantial costs, and such laws and regulations, including any failure to comply with such laws and regulations, could subject Navitas to substantial costs, liabilities, obligations and fines, or require it to have suppliers alter their processes. ▪ Conflict minerals and other supply chain diligence and disclosure regulations may force Navitas to incur additional expenses, may result in damage to its business reputation and may adversely impact its ability to conduct its business. ▪ Navitas could be adversely affected by violations of applicable anti-corruption laws or violations of its internal policies designed to ensure ethical business practices. ▪ Navitas qualifies as an “emerging growth company” within the meaning of the Securities Act of 1933, as amended, and if it takes advantage of certain exemptions from disclosure requirements available to emerging growth companies, it could make its securities less attractive to investors and may make it more difficult to compare its performance to the performance of other public companies. ▪ Navitas’ management has limited public company experience. As a result of becoming a public company, Navitas will be subject to additional regulatory compliance requirements and if Navitas fails to maintain an effective system of internal controls, Navitas may not be able to accurately report its financial results or prevent fraud. ▪ Compliance with state, federal, and foreign laws and regulations related to privacy, data use, and security may require increased capital expenditure, and a failure to comply with such laws and regulations could adversely affect Navitas. ▪ Regulations and evolving legislation governing issues involving climate change and sustainability could result in increased operating costs, which could have a material adverse effect on Navitas’ business. ▪ Part of Navitas’ business strategy includes certain claimed emissions-reduction benefits associated with the use of its products. Calculation of these benefits is complex and may need to be revised in the future if new information becomes available, and to the extent such a revision reduces the anticipated emissions-reduction benefits, this could adversely impact Navitas’ ability to market the sustainability aspects of its products. ▪ Navitas’ “awarded” and “qualified” opportunities may not be converted into binding orders or sales, and customers may cancel or delay that pipeline. ▪ Navitas’ projections are subject to significant risks, assumptions, estimates and uncertainties. As a result, our projected revenues, gross margin, EBITDA, market share, expenses and profitability may differ materially from our expectations. ▪ Navitas’ operating results and performance forecasts and projections regarding Navitas’ target markets rely in large part upon assumptions, estimates, measurements, testing, analyses and data developed and performed by Navitas. If these estimates, measurements, testing, analyses and data prove to be incorrect or flawed, Navitas’ actual operating results and performance may suffer or fail to meet expectations. ▪ Incorrect estimates or assumptions by management in connection with the preparation of Navitas’ consolidated financial statements could adversely affect Navitas’ reported assets, liabilities, income, revenue or expenses. © Navitas Semiconductor 2021 42

Risk Factors Related to Navitas (Cont’d) Important Disclosures RISKS RELATED TO THE BUSINESS COMBINATION ▪ Our ability to successfully effect the Business Combination and the combined company’s ability to successfully operate the business thereafter will be largely dependent upon the efforts of certain key personnel of Navitas, all of whom we expect to stay with the combined company following the Business Combination. The loss of such key personnel could negatively impact the operations and financial results of the combined business. ▪ Following the consummation of the Business Combination, LOKB’s sole material asset will be its direct equity interest in Navitas and will be accordingly dependent upon distributions from Navitas to pay taxes and cover its corporate and other overhead expenses and pay dividends, if any, on its common stock. ▪ If the Business Combination’s benefits do not meet the expectations of investors or securities analysts, the market price of LOKB’s securities or, following the consummation of the Business Combination, the combined company’s securities, may decline. ▪ There can be no assurance that the combined company’s common stock will be approved for listing on the NYSE or that the combined company will be able to comply with the continued listing standards of the NYSE. ▪ Subsequent to the consummation of the Business Combination, the combined company may be required to take write-downs or write-offs, or the combined company may be subject to restructuring, impairment or other charges that could have a significant negative effect on the combined company’s financial condition, results of operations and the price of our Class A common stock, which could cause you to lose some or all of your investment. ▪ LOKB and Navitas will incur significant transaction costs in connection with the Business Combination. ▪ The consummation of the Business Combination is subject to a number of conditions and if those conditions are not satisfied or waived, the Business Combination Agreement may be terminated in accordance with its terms and the Business Combination may not be completed. ▪ Legal proceedings in connection with the Business Combination, the outcomes of which are uncertain, could delay or prevent the completion of the Business Combination. ▪ The Business Combination or post-combination company may be materially adversely affected by COVID-19. ▪ Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to consummate the Business Combination, and results of operations. © Navitas Semiconductor 2021 43Risk Factors Related to Navitas (Cont’d) Important Disclosures RISKS RELATED TO THE BUSINESS COMBINATION ▪ Our ability to successfully effect the Business Combination and the combined company’s ability to successfully operate the business thereafter will be largely dependent upon the efforts of certain key personnel of Navitas, all of whom we expect to stay with the combined company following the Business Combination. The loss of such key personnel could negatively impact the operations and financial results of the combined business. ▪ Following the consummation of the Business Combination, LOKB’s sole material asset will be its direct equity interest in Navitas and will be accordingly dependent upon distributions from Navitas to pay taxes and cover its corporate and other overhead expenses and pay dividends, if any, on its common stock. ▪ If the Business Combination’s benefits do not meet the expectations of investors or securities analysts, the market price of LOKB’s securities or, following the consummation of the Business Combination, the combined company’s securities, may decline. ▪ There can be no assurance that the combined company’s common stock will be approved for listing on the NYSE or that the combined company will be able to comply with the continued listing standards of the NYSE. ▪ Subsequent to the consummation of the Business Combination, the combined company may be required to take write-downs or write-offs, or the combined company may be subject to restructuring, impairment or other charges that could have a significant negative effect on the combined company’s financial condition, results of operations and the price of our Class A common stock, which could cause you to lose some or all of your investment. ▪ LOKB and Navitas will incur significant transaction costs in connection with the Business Combination. ▪ The consummation of the Business Combination is subject to a number of conditions and if those conditions are not satisfied or waived, the Business Combination Agreement may be terminated in accordance with its terms and the Business Combination may not be completed. ▪ Legal proceedings in connection with the Business Combination, the outcomes of which are uncertain, could delay or prevent the completion of the Business Combination. ▪ The Business Combination or post-combination company may be materially adversely affected by COVID-19. ▪ Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to consummate the Business Combination, and results of operations. © Navitas Semiconductor 2021 43